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Magal Security Systems (MAGS) Message Board

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  • olgagbe olgagbe Feb 3, 2005 4:41 PM Flag

    Re: gambletron_blow_me

    Yes, I did buy then and today, I confess, I took some profits on the trade beginning (because I�m weak and I have no balls like you). A little missed the top, but it�s O.K. for me. For your understanding I�m on Europe time and I was out till now. I hope it won�t be late to buy it again before it continues to run.
    And it will!!!
    For your reference it always rises with ICTS. It�s global tendency (ASEI, HON)
    By the way I didn�t understand your short system: (reduced amounts from the short heyday of the 30's, 20's 10,s.). Could you please explain it to me? May be You can recommend to me some stocks for short ( not
    MAGS)
    By the way, my trade program shows that MAGS is not shortable

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    • You can't go broke selling to soon!!

      MAGS is the only stock I ever shorted and did so under the tutelege of others.

      When the price was in the 30's it was a nobrainer it was shorted with all my resources.

      As the price declined I reduced my exposure when shorting all the way down to 100 shares.

      I don't plan on ever covering that position and consider the money "lost". I was hoping it would go down to 6ish and I could double up one more time.

      As far as other stocks to short my mentor looks for large unplanned insider sales and goes to work. She's got alot more $$$ than me so she must be doing it right.

      Thanks for the references. I am way long HON as I used to work there and I left a 401k that was flush with company stock. OUCH thats underwater in a big way.

 
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