If you are long, please reply. I feel like I am the only long left holding shares here. I hope you all haven't all gone short on me! This stock is still good don't you think?
I'm still here...have big loss here today....
but not worried....although don't like seeing the insider's proposed sales....I think much of their sells were done today....Drop was just too big....for one day....for "profit taking."
I figure by the end of the week, or sooner, we'll be well over $40.........
Do you need someone to hold you hand? Have you been following any of the posts? You asked, "This stock is still good don't you think?," what does your DD tell you? I am not a cheerleader and 'usually' post my sentiment once a day only. Look at all the posts that are completely fixated on short term, no, make that day tading TA. These people are total b.s. They need to be shaken out or learn to take a longer term outlook. It should be obvious to anyone that they havent't done any DD what-so-ever on this Co.
Does that answer your question?
We are still here not making hasty choices. Many have taken profits and are watching closely for the next run. Profits started early and then many day traders cut their losses quick and moved on to the next high momo stock of the day. All of us know good news, new orders and great q1 results are very near and we will see newer highs soon. Dont give up your shares to panic beacuse their is lots of people who want your shares at a discounted price.
Either way you look at it you better be ready for a very volatile stock. Longs are going to be very nervous holding this stock while shorts continually try to pry their shares. Take a look at NVEC to see what type of volatility we might experience here. And volume on MAGS is much higher. Either trade with the momentum or hold your shares. This stock is going to attract a lot of buyers and eventually they will take it higher. Let's hope we are near the short term bottom here around $30. It wouldn't take much of a buyer to take it a lot higher.