By now I hope you realize the 5 point drop has occurred. Today it has dropped faster and harder and in only 2 days instead of 5 as I predicted.
If you have sold your position you were smart.
Friday, you don't want to own MAGS even though it may actually go positive for a brief time.It may even look strong due to weak shorts covering.
Today's selloff is THE FINAL wakeup call.
Come Monday, tuesday and expecially WEDNESDAY you'll wish you never bought MAGS.
MAGS will end in tears .....if it has not caused them already.
Expect a massive selloff again towards the last 2 trading hours. If your lucky you will see sucker bids like TRAC for 50k. Pound them fast and hard because IF YOU DON'T SOMEONE ELSE WILL. PS. TRAC WAS SELLING ( bid below with size so u dont get hit while offering on the inside selling like mad) OLD TRICK. Good for him.
By now the wealth factor is also USED UP on MAGS with NO MORE buying power. Cheerleading does not have buying power.
CAPITULATION IS COMING TOMORROW especially by the closing hours.
Now, sleep tight. You all deserve whats coming. Except a few of you nice people.
Welcome too, disguised terroist. Your "HOLD" makes people believe that you are not short sellers or sellers and are objective and considerate, in fact you are just a terroist disguised as civilian carrying bomb to attack the stock. No integrity, no credibility. Your interest to short the stocks or buy at lower price is revealed from your message, please don't disguise anymore and change to "Strong Sell" instead of "Hold".
Take a look at his I.D. A whopping 8 days old...LOL. Obviously either a paid basher or wants to see the price down to load up cheaper. Just put him on [Ignore] like I will do right now. Guess he hasn't noticed that the WHOLE SECTOR took a hit the past 2 days, not just MAGS. Money should start flowing back to the sector tommorrow, and MAGS should keep in the high 20's till earnings. Earnings are good and back to the 30's rather quickly. Then all these bashers will suddenly disappear as quickly as they came...