Recent

% | $
Quotes you view appear here for quick access.

Magal Security Systems Ltd. Message Board

  • PapaGeorgioIII PapaGeorgioIII Apr 12, 2004 3:21 PM Flag

    Don't panic, the fall is happening

    because of the small float. Shorts are making money. And that's fine. We should all make money. But there will be a covering too once the buying comes back in. MAGS has to come down after such a run up. It's normal.
    It is a big drop but only because it doesn't take much to sway this stock.
    When the buying comes back in...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree TASR did this so did RIMM...patience is the key...if you want to make big money everyday youve got to trade with the Big Boys and pray for perspective

      • 1 Reply to namkcats
      • I think the old IBD rule about buying on the breakout no longer holds since the big bear.
        Now nobody wants to hold a stock, so all hope to get in on the floor and sell at the top of the momentum which contradicts the old IBD school. How can anyone find the pivot point or breakout. After breakout, there is a meltdown, I've noticed, in most naz stocks. Neither do their scores work either. The scores are just a mirror of the events of the day. They can change on a dime. But I think this stock will behave more like a tasr and traders will jump in to push it higher. I wonder how many longs there are who plan to hold for three years.
        I am curious.

 
MAGS
4.17+0.07(+1.71%)Jul 31 4:00 PMEDT