On a technical standpoint MAGS recently broke a Bearish resistance Line and a Double top using the Point & Figure charting method. When a stock breaks a double top it's profitable 80.3% of the time for an average gain of 38.7% in an average of 11.5 months. Hope this is helpful.
Let's see, it is now 11:20 am, and there has been all of 1700 shares traded of this incredible wire & fence company. What a great stock, huh.
I tell you what you loser, sell me 1300 shares (which is my last open short) and I will bail from this little turd (and your little message board). My bid is 1300 shares at 10.76 (archipelago). Come on, sell me your shitty shares, and you don't have to read my annoying posts anymore.
PS: I think you are the idiot. Re your last sentence below ... who would be buying from me? How about another short who was crapping his pants when thought the Milan plane incident was an act of terrorism (which was followed by a momentary disappearance of all the MAGS asks.)
Again, you are the fuckin' idiot. Please, please, please do not go back to your day job. Keep trading because I like taking your money.
=============================================== Shorty - you are a lying piece of sh*t by: uh_ohhhhhhhhh 04/19/02 12:33 am Msg: 2248 of 2248
You are just another loser who needs to pump up his ego by bragging about the BS riches you supposedly made with fantasy trades. You were bragging about shorting MAGS right in the middle of the runup, and it is now higher than it was then, which means you lost money you *sshole. Sure, since then you have traded it like a fiend, always shorting near the top and covering near the bottom - wow, you are amazing! Then you claim the only buyers for the stock are are shorts, so who is buying the 18K shares which you claim to have shorted? What a f*cking idiot, duh. Go back to your Alabama trailer park and fantasize some more.
You forgot one small little factor; that thing called volume. MAGS isn't going anywhere except drifting downward unless it materially increases its average daily volume. 50k shares per day isn't going to cut it.
I've been short this lame-o since the CNBC piece last week and have been watching the tape for four days now. I'm sorry to tell you that the only people buying MAGS are the shorts when they're covering. THERE ARE LITTLE OR NO REAL BUYERS AT THERE. The shorts may provide momentary bursts or pops. However, the drift will continue downward (at least until some of you longs starting openning your wallets in a meaningful way.)
Sorry to rain on your little technical analysis project.
=================================================== Technically Bullish by: irf944 Long-Term Sentiment: Strong Buy 04/18/02 10:19 am Msg: 2239 of 2241
On a technical standpoint MAGS recently broke a Bearish resistance Line and a Double top using the Point & Figure charting method. When a stock breaks a double top it's profitable 80.3% of the time for an average gain of 38.7% in an average of 11.5 months. Hope this is helpful
Uh.... shorty.... I'm sorry to tell you that the smart shorts have already gone. You can check Lionmaster's call. He and group shorted at $11.60+ and covered at $10.70+. The volume today wasn't shorts covering. That technical bullish sign is true. You do what you want, but don't say you weren't told. BTW, you might want to check with the company... an FYI only.