News about Israel, middle east tensions and heightened terrorism concern all favor well for MAGSF (Magal Securities) particularly being situated in Israel in proximity to middle east. Anyone selling below $5 or day trading it for a few pennies between 3 1/8 and 3 1/2 is being really stupid not looking at long term and medium term projections.
Note: Netanyahu hinting at more perimeter defense systems and security measures and more business for Magal Securities.
This NEWS out today from Israel:
Netanyahu: We'll Expand Settlements
HEBRON, West Bank (AP) -- Israeli Prime Minister Benjamin Netanyahu visited Jewish settlers today and promised to expand their community. Netanyahu's gesture was aimed at appeasing his hard-line critics, including many settler leaders, who have demanded that Israel break off negotiations with the Palestinians following the killing of a well-known rabbi, apparently by a Palestinian, last week. Israel has reportedly softened its positions on troop withdrawal in the West Bank after a 17-month stalemate, though both sides said today that several issues remained unresolved.