RE: RE: large buy on MOOD-cormark You guys still don't get it do you? Look at the intraday charts...each day is showing lower lowers in intraday trading-the trend is down right now and in regards to the buying houses some of those are wash trades or is this somewhat over your heads in understanding the signficance?
Cormark and the same houses and those in a lead manager position for MM are obligated to buy...and are both sell side and buy side houses fwiw. Furthermore do you know what it is like to place shares frrom house accounts into client accounts and what this provides for the house itself?
I stand by my assertion that as long as each day signifies intraday lower lows in trading-that the numbers receivedin the last Q obviously were not recieved with enthusiasm-at near 200million FD OS there remains no courage of conviction in the volumes on display...I will also stand by my statement that his has become a turnaround situation vs a growth story-and much interest will remain on the sidelines till a firm indication of the turnaround being firmly in place-is infact duely in place.
Don't frett it if your truly long or like some on this thread blatant swing traders trying to ride some self fullfilling prophecy by posting all day long trying to drum up bullish momentum cuz they bought large and to much into one stock thinking a quick 50% swing based trade was a lock...if your long the day to day machinatios of mr market don't really matter all that much=and if your underwater now you may be above the watermark in the future... not unlike NYSE APP American Apparallel which is a turnaround story but also a growth story in a sector with thin margins by comparison-it eventually came off its 52week lows after meeting much resistance-but they showed same stores sales growth and the opening of new outlets not just padding or putting a pillow on their bottom numbers by controlling line item cost items...I see in the words of a couple of really vested posters putting up useless hyperbole and seem to watch and know the price of everything on this stock but the value of nothing that it offers by comparison who are overexposed to this thing-don't work cuz their online 24/7-and put to much into one egg into their basket that should have stayed on the front of their bicycle for trips to the winery to drown their sorrows from being in the red as much as they want so desparately to be in the black.
My take is this...the trend down continues-it is close to its historic lows if you look at the intraday chart it keeps bouncing around and seeing lower intraday lows day after day-and a trend reversal will occur when MoodMedia announces something material to change the trend and shows it is firmly enroute to seeing their underlying businesses within the model itself...namely the flagship enterprise they have pinned and touted to be the companys nearly entire future going forward-or something related to a friendly vs hostile takeover for the company itself or a merger or equals...altho in this environment and sentiment that may be hard to find and given that MM itself just came off an aggressive aquistion campaign may not be just exactly optimal for them timing wise with a need to get their own ducks in a row and dressing the pig with lipstick and put it in the window if that is the desired intent vs just thinking aloud and outloud verbatim.
If the can show return path to the promised land is clearly charted and on que and not just promise after promise...with showing traction in the model-excellence of execution etc etc? than it could double in about 3 to 5 days trading from whereever it is basing at that time...altho with appx 200million OS FD that is still a bloated share structure and a lot of paper to wade thru to see traction in the valuations but if the interest is there it would come.
GlA
SS