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Magal Security Systems (MAGS) Message Board

  • mcmurfee mcmurfee May 18, 2004 5:33 PM Flag

    LETS BE REALISTIC!!!

    You have something to protect from terrorists. Or maybe international criminals. Who you gonna call? Joe Hairspray down the street or an Israeli Company that deals with
    Terrorists, death, blood, criminal types every gdam day in the most dangerous part of the world sans Camdem NJ? I pick MAGS!!! Thats why I own it! REAL SIMPLE!!

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    • 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.

    • Professional trader?!LOL!!!!!BUWAHAHAHAHAHAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Professional trader BUWAHAHAHAHAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!BUWAHAHAHAHA!!!!!!!!!!!!!!!!!!

    • Scrathing
      You are obviously the bigger person here.My bash actually discredited myself.We were having an intelligent conversation until you brought up going long brcm.I thought you were being a wise guy.My mistake.Your reply about your short position was appreciated.Your reasoning makes sense.I disagree with it but it is logical.I am not long I am on the sidelines.I definitely wouldnt short it though.As far as being new I was just looking for the rational behind being short.Thanks again and I look forward to your posts.If you have any long picks for the uncertain uneasy months ahead lets hear them.I mean this in all sincerity.Thanks
      Jason

    • LOL!!!!Nice try Dummy.You know you are mad.I know you are mad.The WHOLE board knows you are MAD!Not only that, we all know that you are dwindling down your capital,if you havent already wiped it out.LOL!!!!!!!!!!!!!!BUWAHAHAHAHAHAAAAAAAAAAA!!!!!!!Keep posting.I love your feeble replies.I got your goat and YOUR MONEY.What a BUFFOON you are!

    • Sorry bout the dig on Camdem only kidding(its getting better).

    • Yeah sure.ROTFLMAO!BUWAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!BUWAHAHAHAHAAAAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    • Scrathy,
      I almost forgot.Thanks for all the money.LOL!BUWAHAHAHAHAHAA!!!!!!!!!!!!!!!!

    • LOL!!!!!BUWAHAHAHAHAHAA!!!!!!!!!!!!!!!You are a first class FOOL!!!!!You made the wrong trade and got burned!Pompous fools like you always do.Just to let you know,I took some profit yesterday.Just to make you feel better,I bet it was YOUR money,LOL!BUWAHAHAHAHA!!!!I had you figured out from day one.You are clueless.You are pissed off because you are PUBLICALLY A FOOL.And I bet you care what people think.I can tell by your actions.You lost over 25%...in ONLY 2 days!LOL!And I was right and you were wrong!LOL!!!!BUWAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!I made easy money and you lost EASY money.Your words.LOL!BUWAHAHAHA!!!!!!!!You seem madder than what I thought.Something I said I hope.LOL!!!BUWAHAHAHAHAAHA!!!!!!!!!What other stock do you like.You are the boards contrarian indicator.

    • He is a liar.Nobody would ever recommend Brcm right here.Or he is an idiot.

    • Biker,

      I have YET to see a short hold themselves accountable for ANY loss...EVER, on MAGS or any other stock. They always say that they covered for a small profit then things started going against them, then magically went long at the low...then of course reversed and went short if the stock started on a downtrend. NO short has EVER lost money on ANY stock...EVER!!
      They're all liars and Dumb-Ass's, and will never be publically accountable for their losses.

    • View More Messages
 
MAGS
5.12-0.230(-4.30%)Dec 22 4:00 PMEST

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