Magal Security Systems (MAGS) Message Board
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What is goin on
why is this stock dropping like a rock?
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MM doing that. It will go back in the afternoon
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With a P/E of 68 would you want to hold this thing over the 3 day weekend? I think not...
Bail while you still can...
-Gator- 2 Replies to gator1340
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You are dumb as a herd of goats
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This is what I think happened: A few hedgies saw the momo Friday and decided to go along for the ride. Yesterday they shorted after seeing it would not push through resistance and started hitting bids around 2pm to "make it both ways". Buying pressure was too strong though and we finished with a small upper shadow. Today, they waited until lull in volume and clear profit taking , and hit the bids again which took it down fast as stops tripped. I see good support around 18.65-19.00. LT MAGS should do fine.IMHO.DD.
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Praise the Lord Brother Whip! We got a Testimony. WHat Hellbound Fool would go into this weekend NAKED of the WORD of MAGS when anything could happen? Only a damn Fool! Testi-FIED!
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