Long enough to know that making promises is folly. Never promise. And never say never.
I promise you that will move the stock...so it is VERY relevant. You seem fairly new to investing based on your comments. Which is cool, we all gotta start somewhere. Whenever you're researching a stock, you should always look at the seasonality. Unfortunately MICS has significant seasonality. And their next 2 quarters to be reported are their seasonally weakest.
There is no one single approach to investing. Just ask Prem Watsa or Buffett. They don't look at seasonalities, which is another way of trying to time the market. Which is folly. I've been doing this so long that I'm grandfathered in the wild west rules of the '90s with my broker. I can do pretty much anything I want with them whereas others have their hands tied.
I don't make a quarterly prediction here, which makes me 100% correct. No matter out the outcome, my bases are covered. You are making a prediction, which gives you a flip of the coin to be right. And you may believe that coin flip is loaded on your supreme knowledge. Which would imply that the markets are not efficient. On that we agree. I am not in the efficient market camp either.
All I'm saying is that there is one big elephant in the room here. Maybe you think he's going to be panicked into a stampede by little mice running around his feet from a bad quarterly report? Well, who cares? He's the one that controls the traffic here. He can panic, run out the gates because he's a "sleazy stupid elephant" and then I can buy my 2,000 shares back at $2.00 and he loses a bunch of money. Does that sound like a ratinoal position to take to you? Or, he can be long. In which case, who's going to be selling? Just trickle down on light volume? That's possible. Some tech analysis guys insist that volume insist price. The gypsies in the room.
If this terrible quarter is so bad as you insist it's going to be, then the hurdles are low. All the stock has to do is beat expectations. Which you are saying are very low. So, what is the point? From my vantage point, there is no bad outcome here. I like our captors. So far, they aren't messing with the business. They simply took a majority position. In fact, they are market participants. Like you, me, ane everyone. They *are* Mr. Market in its totality. And we are up in price at a better valuation.
Are they long? Or do they have short term goals? Whatever their goals are, and I'm not a psychic, I bet they are here to profit. So, what does it matter? Sleazy or not? Shorts are sleazy if you ask me. Day traders are sleazy. That gypsy tech analysis guy that was here is sleazy. Sting Ray is cheap! I'm frugal! Who give a #$#@?
My position is, harness the power of this BIG ELEPHANT in the room. And ride him like Hannibal did in one of those Punic Wars. He's not such a bad beast and pretty tame right now. I think I'll ride on their coattails. No matter what they decide to do. Or direction they take. I benefit in either direction. My long term position hasn't changed. None of the facts have changed.
Buy value, sell high. Nothing changed. Easy in theory. Life is a bit more complicated than that, but that's the gist.
