MAGSF has been trading significant factors times it's daily average volume, on good news. Yet, this stock can't hold onto an uptick. Momentum ain't in this ones vocabularly. Does anyone have a clue as to why does this stock hit a wall, has no bounce...it crossed the 50 day moving average, might see the 200 day mark. Then what? GFB
MAGSF can be as valid a momentum company as the internet stocks. The internet tears down walls, Magal puts them up. Let's face it, there will always be workplaces that need to lock the door. As for past momentum, check out the performance in 1996: It took two weeks to go from $3 to $15.
When the IDF gets behind something, watch the orders fly in. Magal has set up a beacon saying, "Look at us. We're number one and we can handle more business." Clients don't need no steenking SEC documents. You think a 'pump and dump' company looks for business? This has been in the works for a long time. Profit margins should be healthy.
1996 sharp rise was due to a suspected bombing of an aircraft off the coast of Long Island. It has been 'proven' that faulty wires, or a problem with the fuel tanks caused that incident. MAGSF, BARR, INVN, VVID, ASE, and the rest of the socalled 'security crew' had nothing to do with that crash. All those stocks took off, they raised significant money on the hype, and they are now at their lows...particularly MAGSF. Past stock performance don't mean squat. Magal has had consistant earnings growth, lots of money in the bank, and they are probably the leader in the perimeter security business. Having said that, please re-read my posts. The last one was #169. This company's stock price can't hold water. They do not formally report to the SEC which probably prevents institutions (small as they may be) from taking a psoition and...analysts from tracking the stock. Look, it has a #3 in the research column with one analyst supposidely following it. Well, if he was following it he'd move to a buy! This company's performance warrants that. So why hasn't that happened? Why hasn't the Co. come out of the shadows and begin to properly report? That's what some of the investors are complaining about on this message board. Join in. Maybe the Co. will listen...as well as their products do. GFB