afmatt,
I would say you made a very wise decision. I control 25,000 shares this time around. I have bought and sold Mad Catz profitably during two previous cycles. The company will typically do over 40% of their business during the all important holiday season and so, the run up to when they report those earnings (early February) has always seemed to be a good time to reduce my holdings, in the past, by about 75%. However, this year looks to be different in many ways including last weeks pre-announcement of record settings revenue for the quarter...so, this year, I will probably only pare about 30% going into earnings. I feel strongly that the Company may have a positive earnings surprise this year, and so I am willing to bend my rule somewhat. If they do surprise and the share take off, I will still be somewhat in the game with 18,000 share or so, but if they should disappoint, the profit cushion from selling the 6,000 share should help offset a reasonable retracement. Keep up the good work.
Best regards,
RBL |
