I don't think it's mere randomness aaplj. The 5 reasons I have heard here and on the ASEI bd are: Isreali budget finally passed; Hamas declaration today that they will reinitiate hostilities; Pipeguard news about to pop; a big buyer entering; or US Border security sub-contracts upcoming. I would find it incredible that randomness could drive an 11% move. Also, volume (about 40k sh) isn't huge, but is fair for MAGS (is in the single digit thousands on slow days). MD$
How's your chart look now.. ROOKIE. Have a great weekend ,this is just the start.. Like I said it can reverse anytime ,this stock is not typical.Good luck and may the charts be with you.. Its all good especially for MAGS.
Settle down, Skippy. MAGS merely bounced back to solid steel esistance (the 200 dma). Did you not read my previous post regarding the MAJOR resistance points? MAGS closed smack dab at the 200 dma, and there is still the 50 dma right at $10.90. So, in a nutshell, today meant absolutely NOTHING.
You amateur "investors" really do crack me up. You clearly have no clue how this game works. You all get lathered up everytime MAGS bounced back to resistance...only to see it tumble back down below $10.00.
Next week you'll see REALITY rear its head again....so calm down and take a breather, rookie.
Have a great weekend all :)
Oh my...the resident "genius's" must be scratching their heads this morning thinking, "But...but...MAGS was up on Friday! Why is it puking it all back today? I don't get it!"
....LMAO. You people are too funny :))
Looks like $9.00 is indeed the bottom for MAGS. I'm in on the long side now folks. IOnce MAGS breaks through $11.00, it could move up fast. Plan on being here for a while, unless it tanks on bad news.
Let's ROLL! :)
Like I mentioned in an earlier post, this is how itsa works mentally. When he starts to get little to no attention, he emerges with something to throw everyone off and get renewed attention. I've seen it on too many boards. Beware and put him on ignore, I promise you won't miss a thing.