Please read the chart and see March 22 of this year when the high for the day was $16.95 and then MAGS climbed to a high of $40.35 very quickly... kindly spare us the short_it_now BS and let's ride this timely stock to it's next high UP.
Nope, it's in the right sector, but the bottom line is unimpressive...I don't like the fundies all that much...I will cover today if given the opp and may go short or long on Monday based on TA and Mkt conditions Monday morning. This is a trader vehicle right now..very few people are investing.
My my, weren't we (you) up late last night posting doom and gloom on this board. Like ALL NIGHT.
Don't sleep well when your $ is at risk?
Oh, and anyone that puts 'watch and learn', 'count on it', or 'guaranteed' on a stock board immediately gets the iggy!!
ineedaferrari has been added to your ignore list.
quite simply the huge run up in such a short time fram justifies a sell off. I'm not commenting on fundementals or the underlying fundementals and frankly I don't care.
This is technically a short, everything is in place profit will be taken, it was taken yesterday and those that don't understand price action bought into the sell off.
There will be an abscence of buyers today and the selling will continue. Mo players don;t put on new long position before the weekend that is reality, even less do so before a holiday weekend..
The higher probablility trade is short and because of the high beta it could move down a lot. The same things that make this a good long make this a good short in a matter of speaking...
I really don't care about anything except what MAGS is doing, I believe you appear to be the moron....name calling and acting threatening won't change the direction of this stock. I think your analysis is emotional and flawed and it will pull back today, hopefully a lot...STRONG SMELL