My, my, don't we get sensitive when we give back a couple points? Does everyone with an opinion have an "agenda"? We know yours - you are long, so you want it to go up (not satisfied with modest riches - you want staggering ones?) and opinions other than "straight up from here - like a rocket" are not welcome. Welcome by you or not, anyone on SI can post here.
That said, I agree with you that insider selling is not an issue for MSPG right now. Since Brewer sold some in December (he is, in fact, renovating a house in Ansley Park in Atlanta and that ain't cheap), selling has been light. The secondary, when first filed, did include some "selling shareholders", but those shares were pulled.
I also agree with Ceebs that MSPG is seriously overvalued, but since few people care about revenues and profits any more, you *might* see more mindless buying. However, without any meaningful short interest to support the stock, the bottom could drop out at any time.
BTW, I have no position in MSPG, so I have no "agenda". Well, maybe I do - I'd like to see sanity return to the market so that I can buy stocks based on fundamental value and not worry about whether a bunch of 19 year old daytraders who think this is a video game might abandon a stock after pushing it to such ridiculous levels. It's hard to be a buy and hold investor when your 3-5 year objectives are reached in 3-5 weeks. Not that I mind a quick profit, but you hardly have time to accumulate a decent position before you have to look elsewhere for value - and there's not much out there.
Bob |
