I'm glad you said to be realistic, because that's what I am a realist. There is a reason for the downtrend in all the security sector.
For Mags it's very simple.
"Revenues for the first quarter of 2004 reached US$14.2 million, an increase of 11 percent compared with the first quarter of 2003.
Compared with the fourth quarter of 2003, revenues decreased by 20 percent."
This is from the earnings release on the last quarter. Note a revenue decrease of 20 percent from the last quarter. That's substantial. That's when the stock price dropped from $25 to $14. That tells me the street did not like the revenue drop.
That accounts for the drop. I'm a momentum investor. I could care less what happened to the stock. I care about what's going to happen. I'll buy if it's going up, and I'll sell if it's going down.
This stock needs news to move it otherwise it will drift down. My hunch is there will not be any good news near term since this company has been in business a long time. If the recent turmoil around the world has not increased revenue nothing will.
For those with blinders on the CEO even said so with the latest earnings. No new contracts, and pipeline years away. Insider sales tell the rest of the story.
But you know what all that does not matter. This stock, and all the other homeland stocks can generate another rally. Because the stocks are heavily shorted, and any news will bring back the momentum traders such as myself. So it really does not matter which way it goes just as long as it goes.
I've made my decision on what direction this stock is going. Based on this board, and it's discussions and responses the people invested in Mags are clueless. Especially with a village idiot like can of whipass as it's board leader there can be no direction for this stock but down.
This might be the easiest short out there, and I plan on releasing the news to my list of investors.
Can of whipass add my name to your list. It will soon be known as the smart list.
Nice, so you are going to send what to your so called list of investors.
"Hey guys I was on the MAGS message board at Yahoo and there was this one guy that brought me to the conclusion to short MAGS. He was so dumb we just gotta short it." You guys are so easy to see through. I hope you are getting all you can from your subscribers, cause you will need it. Where can we go to see your "lists".
Read the prior post from our Village JACKASS and look where the price was on that day.The easiest short out their ran up 25% on him.LOL.BUWAHAHAHAHA!!!!!!!!!!!!He said he made his trading decision based off the board.LOL!BUWAHAHAHAHA!!!!!!!!!!!!
That is a good reason.What do you make of the balance sheet.What about the float?How about all the world security phobias?How about the fact that we are entering the summer with a probable rate increase with the possibility of more terrorist attacks.What sector do you like?Mags doesnt appear to be solid to you?