The Big MOT

I'm sure quite a few disappointed investors could find some interesting acronyms for MOT-right off the top of my head "Mother of all TURDS!" strikes me as somewhat appropriate this am. MOT came in with a loss-less than expected and that is about as good as it got, from there pretty much all downhill. They missed on their revenues, they guided Q2 EPS DOWN (see a loss of $.02-$.04 vs consensus of -$.01), their sales for Mobil Devices segment were down 39% from a year ago qtr, they say their market share has dropped 9.5% for Mobile handsets, however ASPs were up slightly over Q4.

I called a buddy of mine who is an engineer over at MOT yesterday and asked how the climate was over there. "Layoffs", well, ok-layoffs aren't always a bad thing, but more than what he told me about the company, his own voice was pretty much all the warning I really needed-no excitement or enthusiasm. He likes working there, they treat him well, but I guess he sounded just like their report, depressing and lackluster.

So as I mentioned last night, when I saw the volume spike (pic below) in the afternoon, I took half my position off the table at a profit and said "good enough for now". With that, I should be able to get out near break even, I'll play it by ear.