Mackie Designs (MKIE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Mackie Designs (MKIE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: B.D. who wrote (15)	12/24/1996 12:40:00 AM
From: Stingray	of 61

To follow up on the question earlier about the spread. It is possible on the NASDAQ to put in a buy order at a price which is between the bid and ask and have the order filled. The order will be seen by the traders and one of them may decide to fill it. I've done this myself and it has worked. I think the stock is doing worse than the company is. The third quarter results were a shock because not only did the company fail to meet its numbers but also there was a 25% decline in revenue. If this signalled a trend towards lower profitability that would be a bad thing. I bought some shares at 7 3/4 (when the ask price was 8) and I'm not particularly worried at this stage since the new products should offset any loss of revenue from the old ones. The bad news is that the new products continue to be late, I'll check at the end of the quarter with my local music store to see which products really did ship. I think that the Q4 results will tell us whether Q3 was soft due to seasonal weakness or long term weakness in the existing products. Send me e-mail if you want more detailed analysis.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next