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Magal Security Systems (MAGS) Message Board

  • allinthegame99 allinthegame99 Jul 9, 2004 5:56 PM Flag

    I suspect this holds until...


    ...earnings release. Buyers seem to be content to wait it out. Possibly a "sell the rumor, buy the news" scenario playing out.

    One thing is certain -- if there is anything positive to come out of Q2 release, this thing will be off to the moon. Of course, negative news will hit it hard no doubt. I think negativity/skepticism is priced in to a large degree. With 1.4M shares short, I wouldn't want to be in front of this train if there is a hint of something positive released.

    If you play this you are definately in the fast lane.

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    • all that will be non-significant because we will be getting news of contracts soon.

    • that 1.4 million shares short can and will cut both ways, remember MAGS can drop faster than it will go up at this point I'm betting MAGS will take a hit to 12-14 then who knows, i don't expect to hear earth shattering news since we've have one measly contract in 2-3 months,also the CEO does't give forward guidance and will announce a loss for the qt. due to bonus, my question looms around "how much of a profit" would have been reported. I'm concered and have moved to the sidelines betting on a drop, FD: NOT SHORT JUST MOVING OFF TILL AFTER EARNINGS. SJ

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