it traded at a low of 1.2-1.3 for a while...
i bought in january, sold all positions last month, with trades in between. probably lost a little bit. should have trusted my own analysis.
i sold because i realized this is fundamentally a company that's not meant to develop video games. the Wii/DS phenomenon will help it a lot, but i'd rather buy a slightly overpriced fundamentally sound company in a thriving business than a fairly priced fundamentally unsound company in the same thriving business.
it's a micro cap; its stock price can move up or down 20% a day on no news. i don't have so much time for that to take advantage of those fluctuations. being long on a stock as risky as this is very difficult; you need to put in a lot of effort, making sure you get all the facts right.
in fact, it's because of majesco i joined this forum.
that being said, it's still only $50 mln market cap company (as opposed to almost getting delisted by Nasdaq earlier this year).
i was disappointed that they actually are gonna publish an XBox 360 game. that samarai game or something... to me that is a sign that they lack focus. the Wii Blast game looks fun though.
if in the long run, they can develop a brand for casual gamers, good. however, i don't trust their management have that kind of expertise.
you can still hit a home run--this is the kind of stock you can potentially get a 10 bagger. hence the lure.
the Wii is an epidemic.
