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Magal Security Systems (MAGS) Message Board

  • wallstret1 wallstret1 Apr 23, 2004 8:29 AM Flag

    VERY INTERESTING....MUST READ

    This is especially for you OFC.


    When you sent me an E-mail I had already gone on to other trading situations. However, I decided to call a couple of my friends. Here is what they told me.....

    1. There is no real seller in this stock. There is a couple of short sellers...one of them is a bufoon who is so obvious he is scary. He shorts and shorts and shorts on ECN's and then tries to cover all of it on TRAC. Yesterday my friends did not let him cover even one share...they always bought ahead of him. Today they're hoping he shows again...they're going to play him big time.

    2. Proof of this matter.....MAGS on the Tel Aviv Exch. is trading...you waiting for this....28.50. That's right...it is actually up today and completely ignored yesterdays fall. This bring in arbitrage players who will have to buy the open. Also, shows that the real money has ignored yesterday's drop.

    3. One of my friends who is Israeli says that one of the reasons it has not fallen in TA...i sbecause there is a rumor that there will be a pre-earnings anouncement for a significant contract on Monday which will be further discussed at the conf. call on Wed. So no one in Israel wants to sell before Monday.


    Anyway I hope that helps, OFC, I intend on looking for this short seller myself and together with my friends I'm going to take this guy for a ride. Trust me there is enough money here to finish this guy's game. Update you later on how it's working....ciao!


    Michael

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MAGS
4.10+0.05(+1.23%)Aug 1 4:00 PMEDT

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