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Magal Security Systems (MAGS) Message Board

  • teldar2 teldar2 Dec 29, 2011 1:00 PM Flag

    No Posts In 5 Days

    As this mutt can barely break 50K. Today we have some fortunate souls who bought on the false breakout taking their tax loses wiping out 4 days of slow gains in two hours. IMO We break out again coming into January but this volume and lack of interest is nothing short of pathetic for a public company whose management gets paid to enhance the value of the share price. They seem to be executing albeit for one quarter so the share price should see a healthy move if they put together another excellent quarter.

    Looking at the 5 yr chart on MAGS I'd say this team, if it is the same team is long overdue for creating SOME shareholder value as this stock has been a train wreck for half a decade.

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    • the low volume or "lack of interest" most obviously is due to the holidays and not only affects MAGS but a multitude of stocks..the stock has consolidated nicely and yes, i'm confident january will be a good month, barring something horrible in the overall mkt

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