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Magal Security Systems Ltd. Message Board

  • happyguy1032003 happyguy1032003 Jul 13, 2004 3:54 PM Flag

    Recommendation

    Dear Longs,

    I have been trading for over 15 years. I started in late 1988, before my first child was born. I lost all of my money trading on margin. If you are long MAGS stay away from margin. Margin is not intended for buying and holding. I am usually wrong and I take my hits and move on I am awefully wrong when I stay put and do nothing. I am not speaking from emotion but from experience. I am not sure if this management team cares one bit if we are long or short. The management of this company is happy to sell at these levels because a bird in the hand is better than two in the bush! Speaking of Bush, the reason this stock has held is based on specualtion and not forward looking contracts. Piplegaurd better makes it's way into the industry quick because we can be in serious trouble. Nuclear Plants are also another area of the market that I see as a less resisitant market. If you have any positive comments please reply and tell me why I should hold MAGS another 6 months...

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