Today, reasonavble sell order would be $25.50
(one day only) or $$26-$30 GTC (Gold till Cancel). Change it everyday if you will.
Tight your shares up with those orders so that MM can not lend them to short interest peoples. Good Tactic for the short run.
MAGS may go up by $8 by earning date (April 28). Next week, all the security stocks like ICTS, IEIB, IPIX, MACE, SSPI, TBUS, VCMP and etc. may go up like a rock (50-60%, I guess); MAGS may go up by 30% or so. Security is still a widespread and lasting concerns, security-related stocks will remain hot for quite a while; people (mainly traders) simply want to play the game while it is still hot. My personal observation and prediction only, it is not a trading advice in any sense. Best luck for all the believers.
LONGS, PUT SELL ORDERS IN!! NOW!!
Date: 04/23/04 01:29 pm
DO NOT LET THOSE MF'S HAVE SHARES TO BORROW FOR SHORTING!
old wives tale dude,,,won't stop them from loaning your shares
This is not a wives tale, your broker is obligated to retain your shares if you have a limit price to sell in. If they are loaning the shares for sale I would advise getting a new broker.
I have to agree with that. Technicals look bad as well.
This is off topic but I read on another board that AIM Day Trader does not have pattern daytrading restrictions. Is this true? just wondering if any has heard.
This works only if you have a margin account. Majority have cash, and that's not a choice, broker will loan it to shorts whenever they want. Don't trust me, go verified with your broker.
But I do like MAGS eventhough it is too 'cooked' up when it spiked to $40 (thanks to TASR and people's hope to have TASR like performance). They should have sold at $36-38 when price action stagnated.
I am waiting for the bottom to form, and it will form pretty soon. A solid bottom will be tested several times and eventually settling, unlike a false bottom of $28 that many claimed. Guessing there will be a lot of limit orders for $18-$19. But realistically, $20-21 is a good buy after a 40% retracement. Sorry for all the ones that lost a fortune, I have been there this year myself.
I just done that. How could i oversight this.
>LONGS, PUT SELL ORDERS IN!! NOW!!
>Long-Term Sentiment: Strong Buy 04/23/04 >01:29 pm
>Msg: 23171 of 23582
>DO NOT LET THOSE MF'S HAVE SHARES TO BORROW >FOR SHORTING!