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Magal Security Systems (MAGS) Message Board

  • smallcapman smallcapman Aug 21, 1998 10:23 PM Flag

    MAGSF in limelight

    (Excerpts from Reuters: Just wait for the next
    take off !!!)


    delayed 20 mins -
    disclaimerFriday August 21, 10:06 am Eastern Time

    Nasdaq
    tumbles in heavy morning sell-off

    NEW YORK, Aug 21
    (Reuters) - The Nasdaq tumbled more than a full percent in
    the first three minutes of trading Friday as fears of
    an emerging markets crisis sparked a sell-off in
    U.S. stocks.

    Wall Street feared that the
    troubles of the teetering Russian markets were mobilized
    and heading for Latin America.

    At 0933, the
    Nasdaq was off 19 points or one percent to 1813. It fell
    slightly further in the next ten minutes of trading to
    stand at 1809, a loss of 23 points.

    Breadth was
    sharply negative, with 1721 decliners compared to 685
    advancers.
    .
    Among the top gainers was Magal Security (MAGSF -
    news), up 19 percent in relatively light trading, adding
    19/32 to 3-11/16. The Israeli-based company makes
    computer systems that identify intrusions and systems that
    detect explosive devices in luggage.

    Among the
    top gainers was Magal Security (MAGSF - news), up 19
    percent in relatively light trading, adding 19/32 to
    3-11/16. The Israeli-based company makes computer systems
    that identify intrusions and systems that detect
    explosive devices in luggage.

    The worries about the
    crisis spreading also came amid a U.S. missile strike on
    targets in Afghanistan and Sudan.



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MAGS
4.030.00(0.00%)Aug 28 3:50 PMEDT

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