Anytime I can surf a squeeze and cash in on amateur short sellers I seize the opportunity. So when Majesco Entertainment Co. (NASDAQ:COOL) reported an increase in profit mainly due to higher revenues and better margins, it was time to ready the surf board. I compare it to a card shark in Vegas preying on naive tourists willing to throw money at anything.
So after the first wave of buyers elevated Majesco into the mid $2’s, I moved in for the kill. I included a video below that went out to my subscribers detailing a perfectly executed strategy on how we squeezed the suckers. I locked in several blocks at $2.46 and $2.30 before the spike and just several days later the shorts were screaming like school children running for the door at recess.
Majesco expects net revenue in a range of $100 million to $110 million for 2011, an increase from the prior range of $85 to $90 million but still the tourists moved in looking to cash in on what apparently they saw as hype.
It’s suckers like this that I’ll gladly fleece over and over and I’d encourage you to join in on the fun. My philosophy is to buy when it looks bad and sell when it looks good. Check out this video detailing some expertly timed action, action that my subscribers following my buy and sell strategy cashed in on too.
Watch in HD, expand the video and select 720p.
Squeeze baby squeeze, there was no news on Thursday March 24th, just pure old fashioned stupidity.