If so, you might have gotten a Madcatz Arcade Fightstick SE, like me. You might have read reports online that describe how it's prone to breaking - that a loose washer in the stick destroys the thing from inside. You might also have read Madcatz's official response, which says that it's a rare occurrence, and most sticks are fine.
There are two basic parts to this Instructable. First, I'll tell you I think the guy from Madcatz is a liar, and that it's extraordinarily unlikely that you'll get an Arcade Fightstick SE that actually works properly. Second, I'll tell you how to fix it.
Okay, there's a third part - I'll tell you why you shouldn't do it, even if you're reasonably mechanically inclined.
Oh - and a zero-th part: If you find your stick "sticking" in any position - you're not touching it, but you're constantly registering a direction - your stick is screwed. You will either need to fix it (NOT RECOMMENDED) or return it to Madcatz to get them to do what they should have done from the start. You're out $80 bucks for a week or so. You have a right to be pissed, and you should let them know about it.
Step 1: Disassembly
Get all the tools you'll need. You will need:
1.) One Phillips head screw driver - one that fits REALLY well in the external screws.
2.) One large-ish flathead screwdriver
3.) A razor blade or utility knife, or something sharp
4.) Superglue, or epoxy
5.) Courage - I'll explain this in a bit.
Okay. The first thing to do is take off the back plate. Flip the stick over, and unscrew the six screws on the back - two in the center, and four in the rubber feet in the corners. The rear plate should come off without any problems.
What you'll see on the inside is the image above.