[make it happen]

Let's get to Bitcoins age in the teens

[Monksdream]

MX new 52 lo

[Monksdream]

MX still declining

[193638]

Anyone following this.

[whytestocks]

News: $MX MagnaChip Launches 3-channel BLU LED driver for UHD TVs

SEOUL, South Korea and SAN JOSE, Calif. , June 4, 2019 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX), a designer and manufacturer of analog and mixed-signal semiconductor products, announced today it has launched 3-channel BLU (...

Got this from https://marketwirenews.com/news-releases/magnachip-launches-3-channel-blu-led-driver-for-uhd-tvs-8295756.html

[Ferda]

BOOOOOM conference call was great

[Ferda]

Earnings today at 5pm. Semiconductor market heating up. MX could be selling off some of their assets to a rival of Samsung Electronics.

https://www.reuters.com/article/us-magnachip-sk-hynix/sk-hynix-eyeing-part-of-magnachip-semiconductor-source-idUSKCN1RY0RD

[ValueInvestor15]

Needham upgraded MagnaChip Semiconductor. Analysis supports rating change:

Fair Value

[eastunder]

Thank you for taking the time to explain that.

BTW- excellent line here...

If something is bullish on a longer time frame it still doesn't mean ignore the smaller time frame or decide to go against it.

Good luck!

[stocktrademan]

Now this is just the way I look at it, certainly there are other opinions just imho...

It's true trades can change based on what time frame is being looked at. If something is bullish on a longer time frame it still doesn't mean ignore the smaller time frame or decide to go against it.

Looking back at the list of charts this weekend it appears that ichimoku eliminates 90% of the charts per time frame as not good enough (but would still work likely) . So there's no benefit in trying to match up say a daily and weekly chart per symbol before trying to trade them. The list would be 0.1*0.1 = 1% of its original size and lots of good charts would be omitted.

Ichimoku also accounts for higher timeframe trends with the kumo cloud extended out 26 days into the future. It is like getting the benefit of the higher timeframe using still the daily timeframe that has more data points so it can measure and react quicker, as a daily chart samples the price 5x faster then the trading week chart (1 week compared to 5 days mon-fri). So the indicator kind of gets the best of both worlds this way. I find most of the time the good ichimoku charts sort of built in the weekly chart being set up properly most of the time and when it finds charts where the weekly isn't there yet, then it just has picked up the new trend quicker. I'm not some ichimoku freak or anything just trying out the indicator and noticed it worked well and simply on one chart.

Okay so granted the weekly time frame disagrees with the daily, but the daily has advantages. It moves quicker. So if the indicator turns bearish it will be a less percentage move that makes it compared to the weekly. Plus the daily indicator reacts faster overall and can move with the trend more than the weekly can so it can fit into all the nooks and crannies of the chart and extract more profit per trade at a greater frequency.

If I can do a 10% trade every week and roll the profits into the next trade, it is like saying 1.1*1.1*1.1*1.1 = 1.46 or 46% per month. Someone might get 20% in the same time period waiting through all the peaks and valleys if trading weekly on the same chart. It's less risky trading the daily as the position is not on for weeks where bad things can and certainly do happen that affect the position adversely. So trading on smaller time frames helps get the trader out of the unnecessary predict the future business.

Another way to look at it, say in any given week 98% of the time some major event doesn't happen that can affect the stock adversely. Since there are 52 weeks in a year, then (0.98)^52 = 0.3497 so there is a 65.08% chance something is going to make the position go off in the year. One can avoid that by sticking to the daily timeframe equivalently it would be like saying 99.6% of the time nothing is going to affect the position tomorrow. But at the end of year there still is a 65% chance something is going to throw the position off. So knowing this, it is better to stick with a chart that reacts faster to get out when it happens, thus the daily instead of the weekly.


If you have the ThinkorSwim platform this is the scan I am using to find the picks you can cut and paste them into a scan criteria. Then I'm looking at how far it goes from the red kijun line in the past and saying it should stall out there in the future for a target like it did before. That's it!





def up =
close > Ichimoku()."Span A"
and
close > Ichimoku()."Span B"
and
ichimoku().tenkan > ichimoku().kijun
and
ichimoku().chikou[26] > Ichimoku()."Span A"[26]
#and
#ichimoku().chikou[26] > Ichimoku()."Span B"[26]
and
ichimoku().chikou[26] > high[26]
and
Ichimoku()."Span A"[-26] > Ichimoku()."Span B"[-26]
;

plot buy = up;










def down =
close < Ichimoku()."Span A"
and
close < Ichimoku()."Span B"
and
ichimoku().tenkan < ichimoku().kijun
and
ichimoku().chikou[26] < Ichimoku()."Span A"[26]
#and
#ichimoku().chikou[26] < Ichimoku()."Span B"[26]
and
ichimoku().chikou[26] < low[26]
and
Ichimoku()."Span A"[-26] < Ichimoku()."Span B"[-26]
;


plot sell = down;

[eastunder]

What about a longterm ichi? Do they ever use those?

(I was just playing around with you chart properties and changing the time frame out of curiousity. LOL. Sunday! Bored!)

So from this:



To this...

[stocktrademan]

MX bearish 6.95

[eastunder]

SEOUL, South Korea and SAN JOSE, Calif., May 5, 2016 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced financial results for the first quarter ended March 31, 2016.

Revenue for the first quarter of 2016, a typically seasonally soft quarter, was $148.1 million, a 2.8% decline compared to $152.4 million for the fourth quarter of 2015, and down 10.2% compared to $164.9 million for the first quarter of 2015. Revenue was better-than-expected despite the closure of MagnaChip's legacy 6" semiconductor fab during the first quarter because of the strength in demand serviced by the company's 8" fabs. Foundry Services revenue in the first quarter of 2016 was $60.0 million and Standard Products Group revenue was $88.0 million.

Gross profit was $34.2 million, or 23.1% as a percent of revenue for the first quarter of 2016. This compared with gross profit of $29.9 million, or 19.6%, for the fourth quarter of 2015 and $35.0 million, or 21.2%, for the first quarter of 2015. Foundry gross profit was 23.8% and Standard Products Group gross profit was 23.6% in the first quarter of 2016.

Net income, on a GAAP basis, for the first quarter of 2016 totaled $8.1 million, or $0.23 per basic and diluted share, compared to net income of $22.9 million, or $0.66 per basic and diluted share in the fourth quarter of 2015 and a net loss of $20.0 million or $0.59 per basic share, for the first quarter of 2015. Net income in the first quarter of 2016 included a restructuring gain of $7.8 million from the sale of the Company's legacy 6" fab equipment, and a net foreign currency gain of $8.2 million, almost all of which is non-cash.

"Revenue in the first quarter exceeded our prior guidance, fueled by a 42% sequential increase in total sales for our AMOLED display drivers ICs, primarily for smartphones," said YJ Kim, Chief Executive Officer of MagnaChip. Mr. Kim added, "MagnaChip is well positioned to benefit from the growing adoption of AMOLED technology in a range of mobile and wearable devices such as smartphones, tablets, smartwatches and virtual reality headsets, as well as in large displays for high-end televisions."

Chief Financial Officer Jonathan Kim said, "As part of MagnaChip's focus on managing costs, we closed a legacy 6" fab in the first quarter." Mr. Kim added, "While we continue to explore opportunities to further control spending and strengthen our balance sheet, we also are devoting considerable attention and financial resources to support revenue growth and a gradual recovery in our business that we expect over the course of this year."

Adjusted Net Loss, a non-GAAP measurement, for the first quarter of 2016 totaled $2.8 million, or $0.08 per basic share, compared to Adjusted Net Income, also a non-GAAP measurement, of $5.2 million, or $0.15 per basic and diluted share, in the fourth quarter of 2015 and Adjusted Net Loss of $9.6 million, or $0.28 per basic share, for the first quarter of 2015.

Management believes that non-GAAP financial measures, when viewed in conjunction with GAAP results, can provide a meaningful understanding of the factors and trends affecting MagnaChip's business and operations. However, such non-GAAP financial measures have limitations and should not be considered as a substitute for net income or as a better indicator of our operating performance than measures that are presented in accordance with GAAP. A reconciliation of GAAP results to non-GAAP results is included following the financial statements.

Cash and cash equivalents totaled $73.5 million at the end of the first quarter, essentially flat compared with the fourth quarter when excluding the one-time effects in the fourth quarter of pre-paid deposits for the sale of our 6" fab equipment and prepayments received for end-of-life products related to the 6" fab.


http://www.streetinsider.com/Press+Releases/MagnaChip+Reports+First+Quarter+2016+Financial+Results/11593622.html

[eastunder]

MagnaChip Reports First Quarter 2015 Financial Results

- Reports Revenue of $164.9 million and gross margin of 21.2%

- Announces YJ Kim as CEO and a Member of Board of Directors; Jonathan Kim as CFO

- Launched a Comprehensive Cost and Portfolio Optimization Program; Engages Independent Business Advisory Firm to Assist with Evaluation

- Combines Display and Power Solutions into Newly Formed Standard Products Group

- Names a Chief Compliance Officer to Executive Team



SEOUL, South Korea and CUPERTINO, Calif., May 28, 2015 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced financial results for the first quarter ended March 31, 2015.

The Company also announced the appointment of YJ Kim, a semiconductor industry veteran, as Chief Executive Officer and a member of the Company's Board of Directors, and Jonathan Kim as Executive Vice President and Chief Financial Officer. Both held the same posts on an interim basis for the past year. In addition, the Company named Theodore Kim as Executive Vice President and Chief Compliance Officer, a newly created position, reporting directly to the Board of Directors. He continues to serve as General Counsel.

On behalf of MagnaChip's Board, Chairman Doug Norby said, "I am pleased that, after conducting a broad and thorough search process, the Board has unanimously appointed YJ to lead MagnaChip and Jonathan to serve as CFO. As interim CEO, YJ provided strong leadership and strategic vision to the Company during this important period. Jonathan successfully led the completion of the restatement process, and has proven himself to be a very capable financial executive. The Board looks forward to working with the two leaders to improve MagnaChip's performance."

Revenue for the first quarter of 2015 was $164.9 million, a 1.7% decline compared to $167.7 million for the fourth quarter of 2014 and flat compared to $164.2 million for the first quarter of 2014.

Gross profit was $35.0 million or 21.2%, as a percent of revenue, for the first quarter of 2015. This compares to gross profit of $34.5 million or 20.6% for the fourth quarter of 2014 and $40.3 million or 24.5% for the first quarter of 2014.

Net loss, on a GAAP basis, for the first quarter of 2015 totaled $20.0 million or $0.59 per diluted share. This compares to a net loss of $63.8 million or $1.87 per diluted share for the fourth quarter of 2014 and a net loss of $21.6 million or $0.63 per diluted share for the first quarter of 2014. Net loss was impacted primarily by lower revenue and gross margin as well as by substantial accounting, legal and other related costs associated with our restatement and certain related litigation and other regulatory investigations and actions.

"We continue to face major challenges as a result of strategic missteps in the past, so we have implemented a comprehensive cost and portfolio optimization program to position MagnaChip for growth over the long-term while we also work to improve fab utilization and boost engineering efficiencies," said CEO YJ Kim. "Our goal is to broaden our customer base, expand into new markets including sensors and the Internet of Things (IoT), accelerate product innovation and improve engineering productivity. To help achieve these goals and streamline product functions, we recently combined our Display Solutions and Power Solutions divisions into a single Standard Products Group."

MagnaChip also announced today that HK Kim, Executive Vice President and General Manager of the Power Solutions Division, and Brent Rowe, Executive Vice President of Worldwide Sales, have resigned. The Company announced earlier this month that TY Hwang, formerly the President and Chief Operating Officer, resigned effective April 30.

"We devoted substantial efforts and resources to getting caught up on our delayed SEC filings. With today's filing of our 2014 10-K and with the filing of our 10-Q for the first quarter of 2015, which we expect to file within the next two weeks, we will be current with our filings and plan to be a timely filer starting in the second quarter," said Jonathan Kim, Chief Financial Officer. "We are committed to achieving and maintaining a strong internal control over financial reporting and financial reporting integrity." In addition, Mr. Kim said, "We have engaged a global consulting firm with considerable expertise in cost and portfolio optimization to help us focus on strategies to emerge from our current challenges and to drive our business forward and return long-term value to our shareholders."

Adjusted net loss, a non-GAAP measurement, for the first quarter of 2015 totaled $9.6 million or $0.28 per diluted share compared to an adjusted net loss of $10.8 million or $0.32 per diluted share for the fourth quarter of 2014 and an adjusted net loss of $6.4 million or $0.19 per diluted share for the first quarter of 2014.

Management believes that non-GAAP financial measures, when viewed in conjunction with GAAP results, can provide a more meaningful understanding of the factors and trends affecting MagnaChip's business and operations. However, such non-GAAP financial measures have limitations and should not be considered as a substitute for net income or as a better indicator of our operating performance than measures that are presented in accordance with GAAP. A reconciliation of GAAP results to non-GAAP results is included following the financial statements.

Combined cash balances (cash and cash equivalents) totaled $91.4 million at the end of the first quarter of 2015, a decrease of $11.0 million from the end of the prior quarter.

First Quarter and Recent Company Events
•Appointed YJ Kim as CEO and Jonathan Kim as CFO
•Appointed Theodore Kim as Chief Compliance Officer
•Announced Diversified Products for Internet of Things Applications
•Announced 5th Annual Foundry Technology Symposium in Taiwan, California, and Texas
•Introduced Automotive Qualified Display Driver ICs for Major Japanese LCM Maker
•Completed Review and Restatement of Financial Results
•Introduced New Step-Down LED Backlight Drivers
•Offered Enhanced 0.13 Micron Embedded EEPROM Process Technology

The Company today filed its Annual Report on Form 10-K for the year ended Dec. 31, 2014, with the Securities and Exchange Commission. A copy of this and other MagnaChip SEC filings is available at www.magnachip.com.

Business Outlook

For the second quarter of 2015, MagnaChip anticipates:
•Revenue will be in the range of $155 million to $165 million.
•Gross margin will be 17.0% to 19.0% as a percent of revenue.

[eastunder]

MagnaChip (MX) Tops Q1 EPS by 10c; Appoints New CEO

http://www.streetinsider.com/Earnings/MagnaChip+%28MX%29+Tops+Q1+EPS+by+10c%3B+Appoints+New+CEO/10605060.html

MagnaChip (NYSE: MX) reported Q1 EPS of ($0.28), $0.10 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $164.9 million versus the consensus estimate of $179.55 million.

The Company also announced the appointment of YJ Kim, a semiconductor industry veteran, as Chief Executive Officer and a member of the Company's Board of Directors, and Jonathan Kim as Executive Vice President and Chief Financial Officer. Both held the same posts on an interim basis for the past year. In addition, the Company named Theodore Kim as Executive Vice President and Chief Compliance Officer, a newly created position, reporting directly to the Board of Directors. He continues to serve as General Counsel.

On behalf of MagnaChip's Board, Chairman Doug Norby said, "I am pleased that, after conducting a broad and thorough search process, the Board has unanimously appointed YJ to lead MagnaChip and Jonathan to serve as CFO. As interim CEO, YJ provided strong leadership and strategic vision to the Company during this important period. Jonathan successfully led the completion of the restatement process, and has proven himself to be a very capable financial executive. The Board looks forward to working with the two leaders to improve MagnaChip's performance."

[eastunder]

MagnaChip Schedules First Quarter 2015 Earnings Release and Conference Call

MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) will hold a conference call Thursday, May 28, 2015 at 5 p.m. EDT to discuss the Company's first quarter 2015 financial results. The earnings press release will be issued after the market closes that day. The Company also intends to file its Annual Report on Form 10-K for the year ended Dec. 31, 2014, with the Securities and Exchange Commission after the market closes that day.

MagnaChip's SEC filings are available at www.magnachip.com.

conference call will be webcast live and is also available by dialing 1-866-776-2061 in the U.S. or 1-706-679-0298 for all other locations. The conference ID number is 49272803 and participants are encouraged to initiate their calls at least 10 minutes in advance of the 5 p.m. EDT start time to ensure a timely connection. The webcast and earnings release will be accessible at www.magnachip.com.

[stocktrademan]

$MX recent news/filings

bullish

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$MX DD Notes ~ http://www.ddnotesmaker.com/MX

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/MX/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/MX/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=MX+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=MX+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=MX+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/MX/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/MX/news - http://finance.yahoo.com/q/h?s=MX+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/MX/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/MX/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/MX/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/MX/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/MX/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/MX/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/MX/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/MX/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=MX+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/MX
DTCC (dtcc.com): http://search2.dtcc.com/?q=Apple%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Apple%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Apple%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.apple.com/pr
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.apple.com/pr#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.apple.com/pr

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/MX/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/MX
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/MX/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/MX/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/MX/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000320193&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/MX/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/MX/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/MX/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/MX/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=MX&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=MX
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/MX/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=MX+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=MX+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=MX
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=MX
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=MX+MXh+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/MX/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=MX+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/MX.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=MX
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/MX/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/MX/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/MX/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/MX/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/MX
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/MX
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/MX:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=MX
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MX
StockTwits (stocktwits.com): http://stocktwits.com/symbol/MX

$MX DD Notes ~ http://www.ddnotesmaker.com/MX

[sim2010]

Thank you for the explanation.

[eastunder]

I wish I knew!

Last analyst speaking up that I have seen was Barclays which downgraded Magnachip Semiconductor (NYSE: MX) from Overweight to Equalweight with a price target of $7.00 (from $17.00) on 2/13.

Even so - 5.28 to 7 bucks is a 32% upside.

As for what I said - "Worried about a hostile? I don't blame them"....

When a company starts getting worried about a Hostile takeover, to me that means they feel they have a good product and their stock has gotten way to cheap and they are worried to beat hell that someone (aka: activist) is going to accumulate enough shares on the open market to get some say in how things move forward.

Would you want someone doing that with your company?

No. So you put in measures that thwart that from happening.

I don't blame them. It was a wise move. First exciting thing I have read about MX in awhile. :)

[sim2010]

What do you mean? Is it buy or not?

[eastunder]

Worried about a hostile takeover?

I don't blame them.

[eastunder]

3/6/15 MagnaChip Adopts Shareholder Rights Plan
http://www.streetinsider.com/Press+Releases/MagnaChip+Adopts+Shareholder+Rights+Plan/10347882.html


SEOUL, South Korea and CUPERTINO, Calif., March 6, 2015 /PRNewswire/ -- The Board of Directors of MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced today that it has adopted a stockholder rights plan following evaluation and consultation with outside counsel.

The Board of Directors implemented the plan to ensure that all stockholders realize the long-term value of their investment. The rights plan is designed to reduce the likelihood that any person or group would gain control of the Company through open market accumulation without appropriately compensating the Company's stockholders for such control or allowing the Board and the stockholders sufficient time to make informed judgments. The rights plan will not prevent a takeover, but will incentivize anyone seeking to acquire the Company to negotiate with the Board of Directors before making a takeover attempt.

Pursuant to the plan, the Board of Directors declared a dividend of one preferred stock purchase right (a "Right") on each outstanding share of the Company's common stock as of March 16, 2015. If a person or group of affiliated or associated persons acquires beneficial ownership of 10% (or 20% in the case of a passive institutional investor) or more of the Company's common stock ownership (including any common stock in respect of certain derivative securities that increase in value as the value of the Company's common stock increases or that provide the holder with an opportunity to profit from any increase in the value of the Company's common stock, that are disclosed pursuant to a Schedule 13D or Schedule 13G under the Securities Exchange Act of 1934 or, if not disclosed on a Schedule 13D or Schedule 13G, if the Company's Board of Directors determines that such person is deemed to beneficially own the common stock in respect of such derivative securities) or commences a tender offer the consummation of which would result in ownership by a person or group of affiliated or associated persons of 10% (or 20% in the case of a passive institutional investor) or more of the common stock, subject to certain exceptions, the Rights would entitle the Company's stockholders, other than the acquirer and its affiliates and associates, the opportunity to purchase for each share of common stock owned, $24 worth of shares of the Company's common stock having a market value of twice such price. In addition, if the Company is acquired in a merger or other business combination transaction after a person or group acquires 10% (or 20% in the case of a passive institutional investor) or more of the Company's outstanding common stock, the Rights would entitle the Company's stockholders, other than the acquiror, the opportunity to purchase for each share of common stock owned, $24 worth of shares of the other party's common stock having a market value of twice such price.

Prior to the acquisition by a person or group of 10% (or 20% in the case of a passive institutional investor) or more of the Company's common stock, the Rights are redeemable for $0.001 per Right, subject to adjustment, at the option of the Board of Directors. The Rights will expire at the close of business on March 5, 2016. The Rights distribution is not taxable to stockholders.

[keekee]

Interesting..these guys believe MX is worth over $24 per share. I started buying at $6.40 and bought more at $5.80. I just added 3500 at $5.30 today. Now holding 11500. Happy weekend everyone. Not sure many of you are here...this board is dry.

[Kylef]

if mx passes 6.40, maybe to $7.50 in the immediate

[outnabout]

Nice bounce.

[T695]

Looking for a low of around 5.70

[T695]

Out....will wait for it to stop dropping