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Magal Security Systems Ltd. Message Board

  • ii345durii ii345durii May 29, 2004 10:26 PM Flag

    MAGS

    This ceo should go to jail >the last time this stock move up to 40 2million shares were sold by insiders .2 months later the stock rise to 36 /500000 shares were sold again. This was a $4 stock for the past 10 years and will go back to $4.>why this stock drop from 45-to 10 in less than two weeks

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    • Did you ever hear of taking profits?

    • Yeah, that may be true, but so did Taser. That stock dropped 34 points in only one day. I never saw such a drop in all my years of investing. And it was right after a favorable earnings report too. Why it happened is anyone's guess...

      but you know what? I'd love to see $40 a share for this stock. I'd make about $10,000 so that would be a nice profit-much better than any piddling savings account...

      but what's wrong with insiders selling the stock? Every company I worked for in the past 10 years has had some kind of stock purchase plan and there is no law saying that we have to keep it until we lose all of our money. If I own a stock and I am losing money, I'll sell it too, guaranteed no question about it. Just because you work for a company doesn't mean you can't make money off of the stock. But most companies close trading windows for a time to prevent insider trading, so I see no harm.

    • Your statistics are distorted at best. If you are pretending that you don't know much about this stock and it's performance you are doing a good job!! You must be a short who is bleeding. Just a word of advice, MAGS is NOT a stock to be short for the next 5 months, it can potentially kill you (financially). It's your money, many people much smarter than you are involved with this stock. (IMHO,long MAGS, do your own DD)

      • 2 Replies to sahmdars
      • Your statistics are distorted at best. If you are pretending that you don't know much about this stock and it's performance you are doing a good job!! You must be a short who is bleeding. Just a word of advice, MAGS is NOT a stock to be short for the next 5 months, it can potentially kill you (financially). It's your money, many people much smarter than you are involved with this stock. (IMHO,long MAGS, do your own DD)

      • Wait until Q2 report period. MAGS will disappoint shareholder again. Why?

        1. They spent too much money investing in CA site while not enough money come in to cover the expenses yet.
        2. Orders are limited since this is closed to the end of fiscal year. Money are not there to buy securities stuff yet.
        3. Profit margin is dropping due to higher SG&A cost.
        4. CEO's shareholder communication skill is terrible. The more he talks during the Webcast, the more points MAGS drops. Watch out!
        5. Temptation for insiders to sell at this stock price level is high. Watch out!
        6. Low float works both ways for longs and shorts. It can rally high 3-4 points in one day like early last week. It can rally low 5-6 point in one day like the day Webcast happened on April,2004.

        The last 3 days stall surprised me greatly.
        It means a lot of profit taker and a lot of short covering.

        Going to June, 2004. The sentiment could be channged due to the one week rally already run out of stream. All security stocks are kind of on the high side. Sell off is expected. i.e. MAGS going to teens, IPIX going to $5-$6 and MACE (a car wash security)
        be washed back to $4.

        While energy and alternative energy stock will rally in light of Saudi Petroleum Park attack over this weekend. The crude oil and gas price could stay high. Money will shift to energy stock for sure.

    • if it didnt go to 10 last time what makes you think it can go back, bad news behind us its up up and up schmuck

 
MAGS
4.74-0.03(-0.63%)Jun 24 3:59 PMEDT