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MWY

Started by ramlau, July 28, 2005, 12:36:09 PM

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ramlau

Aright so we have RTIX, AGIX, and how about MTIX? Today's run seems to signal that it will challenge the 52-week high again.

Ram

eliteG

for a run like that I like some more volume..it looks solid for some ups but that volume is just not for me.

ramlau

Yet another hot and sunny day in NYC.

MWY continues to shine when the market stinks. Almost touched $15 at open. Even RTIX is holding up okay despite the selling.

Ram

ramlau

Redstone's taking the stock to the 15th floor today. Time for the September calls?

Ram


422fwhp

Thanks goldie.  I actually picked some up the other day.

Ainke DOES have the power!   ;D

Good luck, chart looks great.




422fwhp

I previously sold for a small profit but am ready to jump back in again.

Good support around the $13.80 level.  It's currently just below the 50(MA) ...around $14.50 as of today.


422fwhp

a good day...would like to see more volume but i'm happy, nonetheless.



422fwhp

I definately support our soldiers!   ;D

"Three Soldiers" candlestick pattern:


gmarc66

#25
I have been watching this stock and it is relentless. Inches up...slowly and steadily.

The almost huge daily insider buys are very peculiar...how much can one buy? And is this the main reason for the pps steady increase.

http://www.secform4.com/insider/showhistory.php?symbol=mwy

Should we just buy and hold this for a few months? Could continue in this same upward fashion?

Any thoughts on this?  And did anyone get in at some point? I see its been mentioned several times in different threads.

thanks very much

julia


agentq314

I like MWY right here around 17.50. I think the stock is finished consolidating after the announcement that Sumner Redstone has decreased his stake in the company. I think the stock is basing here at $17.50 and we should expect some kind of bounce soon. I am not so confident for the long-term prospects here but I think this is a good short-term trade.


ramlau

#27
Time to buy. I bought a lot today. Will do the calls on Wednesday.

Ram


ramlau

http://biz.yahoo.com/ap/060630/midway_games_mover.html?.v=1
Midway Games Up on Insider Trade
Friday June 30, 2:31 pm ET
Midway Games Shares Gain As Sumner Redstone's National Amusements Increases Its Stake

NEW YORK (AP) -- Midway Games Inc., the company that brought Pac-Man to U.S. arcades in 1980, saw shares climb Friday following a small insider stock purchase.

Shares of the Chicago-based video game company was up 75 cents, or 10.1 percent, to $8.16 in afternoon trading on the Nasdaq, after trading as high as $8.32 earlier in the session. Volume was nearly double average daily trading.

Midway shares have ranged between $5.85 and $23.73 in the past year.

In a regulatory filing with the Securities and Exchange Commission late Thursday, National Amusements Inc. reported purchasing about 56,000 additional shares of Midway. Privately held National Amusements is controlled by media mogul Sumner Redstone, chairman of the board at both Viacom Inc. and CBS Corp.

National Amusements is also the controlling shareholder of both Viacom and CBS.

Redstone and National Amusements already hold 80 million, or 87.6 percent, of Midway's outstanding shares, which he has been accumulating for the past two years.

The company, which also publishes the one-on-one fighting game Mortal Kombat, announced Tuesday it elected Robert J. Steele to its board of directors. Steele, 52, has been vice president of strategy and corporate development of National Amusements since January 2004.

Midway's board also includes Shari Redstone, Sumner Redstone's daughter, as its vice chair. She is also president of National Amusements and a member of its board.

ramlau

And it shot thru $10 in no time.

Ram