Let's Count the events that can create more buying for MAGS:
1. More trade shows in the coming weeks and months (will give their products more exposure) 2. Analysts coverage that is inevitable. 3.Announcement of a stock split 4.Record Sales and earnings(they did it in 2003, good chance of doing it again) 5.Short covering 6.More Mutual Funds buying so they have it in their portfolio 8.More contracts announcements 9.Any world event that is related to terrorism 10.Other security related companies being taken over 11.MAGS being taken over.
Now you understand why the stock is so strong!!!!
Any one interested in shorting????????? Wolfie???????? Do you dare buddy??
Mr. genius, the point is NOT that how many of these reasons can be and are used for and by other companies, the point IS the probability of the event. Take the split potential, for a stock with only 7.9 MM shares outstanding and less than 3 MM in the float that has gone up more than 350% in a short period of time, the probability of a split is MUCH higher than a company with 50 MM shares out with a price that has been steady for a long time. I hope you see my point.
You're absolutely right. I must agree with you but you must also agree that in 80% of the stocks that record the events you were referring to they go up on that sort of news. That's the point. There are many momentum builders in front of this stock.