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Magal Security Systems Ltd. Message Board

  • mamaofrotor mamaofrotor Apr 16, 2004 12:15 PM Flag

    This is a better way to trade

    Slow and steady climb, fall back and fill the gaps, it's better in the long run to hold the gains. I've seen this pattern in many stocks before they broke out past their old high's.

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    • Mama
      That's exactly what I think 's going on too. This kind of action doesn't appeal to the day traders either. They don't want steady pushes and pulls, they're an impatient bunch who only want swings with large volume. This kind of action will appeal to swing and short term traders though IMO.

      Harry N
      BTW, where is old Wolfie hiding? I haven't been paying real close attention to the board today, is he still around? He's the best contrarian I've seen thus far, LOL!

    • Agree. This is a very healthy consolidation pattern. With every dip weak hands are shaken out and stronger hands (bigger $$$) take their place. I see a retest of $40 next week.

4.78Jun 28 2:07 PMEDT