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Magal Security Systems (MAGS) Message Board

  • moedamnmoney moedamnmoney Nov 2, 2007 2:25 PM Flag

    Volume too Low to Risk Entry

    I am thinking of getting in, but the vol has been so low, I wonder if I could ever get out. Plus, they have such a long string of unfulfilled promises, that I think I'll pass. I quit MAGS when they were at $10 and change and told myself to stay away. I did load up on RAE this morning based on their good news yesterday. On-the-jobs, how low will this thing go if news is mediocre or bad Monday?

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    • Hard to say...but a break of 52 week lows *can* open the floodgates as you can bet many have stops just below. I see more of the same old same old in the cc. "Errrrrr, everything looks good....lots of interest in product....Errrrr, we expect very profitable next year...Oh, we are number on worldwide in security sector."

      Hope I'm wrong and Ben makes a killing by choosing to hold on. He is a very patient man and I wish him well. heck, if this stock broke a certain threshold, I may even jump on the momo ride one day. Problem is, I don't think the US is serious about securing borders. In fact, I think we are on the road to opening the borders with Mexico and canada.

      Bye Bye "Dollar"....hello "Amero"!

5.37+0.29(+5.71%)Dec 17 4:00 PMEST

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