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Magal Security Systems (MAGS) Message Board

  • happyguy1032003 happyguy1032003 Aug 6, 2004 10:28 AM Flag

    Zarman

    My most succesful trades have been off the 200 sma or 200 ema....I usually see a little more downside after a buy, I get shaken out and then I end up buying right back again.I have buying and selling discipline, stops. Keep using stops and dont listen to some people on this board. Most people on this board do not have a selling discipline.I strongly believe this could make an exact mirror move from its downside move from $22 but on the right side of the mirror. I believe the 3rd and 4th quarter will be good...Look at IPIX .

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    • Mornin' Happy, I wouldn't try to catch this falling knife again. You said you learned your lesson, didn't you? Let the market tell you when to buy this pig, because the market is still screaming sell.
      Every day that passes, the bagholders are getting more and more bitter (as witnessed by their posts here), so look for capitulation in the near future as a possible bottom. But don't go long until the volume picks up big time. Right now it's nowhere to go but down.

 
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