...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.
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
i agree with you,this lack of news really bothers me.i don't believe they want to keep them secret because they have diclosed them before.i will see how this trades in the next few days.i have quite a bit of it and i realize this could drop by 50% if they dissapoint.or could rise by that amount if good news developes.the key is news or in this case the lack of.hopefully its not a lack of business.