It's only on relatively thinly traded OTC stocks
that one can glean anything about MM activity, in this
case because OGRU has persistently been the high
bidder of late. I take that as accumulation, as they are
patiently sopping up any sales from tired longs. Who knows
how long they continue before stimulating a run-up?
Obviously, they could do it at any time they wish. Perhaps
they're acting as agent for a retail client. It doesn't
matter. My point was that there's support from at least
that source. And they're not in a hurry.
being on the board, I looked back to see when that
began. Here's my first
Yes, I see much hasn't changed in a year (tho, of
course, the stock ran to 5 in March). As an aside, CIBC
is still active, and is the high bidder this AM.
Glad you're on the board. This was becoming a
dead board as fast as MAGS is becoming dead
As a former stockbroker, I presume you have
pasteurized many investing angles, and it would appear that
the action/involvement of a MM is a significant
indicator. I didn�t respond to your information that Oscar
Gruss had been accumulating shares, because it didn�t
seem significant to me. People buy stock in companies
because Carl Ichan is buying. There�s FMO. There�s VISX.
There�s JCP. There�s CSX. They may be right to follow
Carl. That�s their strategy. So, �The MM firm of Oscar
Gruss (OGRU) has been accumulating MAGS for awhile now.
(So what?) It is about ready for a move.�
3 month daily avg. for MAGS is about some 13,000.
MAGS has a float of some 3.6 million. If Gruss has
been accumulating, it certainly hasn�t been apparent
in the volume figures. I hope you�re right. This
information could portend a significant move. If you are
paying for that service, they owe you something. I hope
it�s accuracy. But, please explain to me how a MM can
accumulate a position with minimal volume. There must be a
way. I believe today�s activity was around 11,000. It
was another lackluster day.
You're saying the same thing as I am -- you
accurately describe the attitudes of the
accumulators/manipulators that I spoke about.
As you stated, "volume
goes up." With such a thin float, don't you wonder why
the Price doesn't, also?
Arafat may delay declaration of Palestinian
davis_5515, you are wron! There are many people out there,
with a finger on the trigger to jump into MAGS. I
follow this stock for about 3 years very closely. Every
time Bin Laden is mentioned on CNN, orevery time sth
"terrible" happens, the volume goes up.
are currently very smart: they buy the Asks and avoid
to bid above it. They even avoid to buy when the ask
goes up a bit. On Friday, nobody sold seriously, when
the bid was at $3.00 for some time.
that we go up, when the situation in the ME gets a bit
clearer. IMHO, further buyers are just waiting to see
what's going on. Thants simple, isn't it?
I'm not yet sure whether further discussion
between the two of us can be helpful or not, but your
last post shows some reasoned response.
"your feeling that MAGS is a co that can proceed
independently of politics and world events, seems very naive to
me," let me say that I was responding more to your
irrelevant inclusion of a Jewish VP candidate than to world
events (and I surely don't equate the two.) However, you
are accidentally close to the truth. For more than a
few years now, there have been mid-east and world
tensions aplenty, with absolutely no speculative interest
in MAGS stock. Terrorist activity in 1996 propelled
the stock from 3 to 15 quickly, but since then, there
has been no sponsorship for it, only a vacillation
between roughly 2 1/4 and 4 1/2. It has indeed proceeded
independently, to the point of invisibility, despite positive
earnings and dividend payouts.
You now try to
assume the position of a fundamental analyst opposing
technicians. This is an argument that can be debated ad
nauseum; I could take either side. However, my first post
to you, you'll recall, was to show MAGS' earnings to
you, when you complained they had none. I feared you
may be uninformed about the very company you wrote
about. I further gave you information that I pay for, to
add to your knowledge (i.e., MM activity), but you've
ignored that, probably because you have no idea of its
impact -- it's far more important than the fact that one
of Lieberman's daughters is named
If you "repudiate" high school stockbroker fads, let
me tell you that I was a stockbroker for 28 years,
that I too think that head and shoulder, cups, and
candlesticks can be found everywhere, just as faces can be
found in the clouds; in short, they are meaningless.
What are vitally important, though, are the trend of a
stock's moving average of price, its On Balance Volume,
and its momentum. They can be used to avoid tying up
money in a dead stock (as MAGS has been), and to
predict a change in trend, or to at least quickly
recognize such change. You had better not ignore
MAGS is still being slowly accumulated. I hesitate to
say that it is a manipulated stock, but the float is
so small that it could be quadrupled in price very
quickly, on a relatively small amount of buying capital,
whenever the sponsoring group wanted. The earnings have
been there to support that, but haven't meant a thing,
have they? The key to a move will be an upsurge in
volume past 3 3/4, the June high.
I won't take up
the board's space with any more of this. If you wish
to discuss further, my email address is available to
you. Good luck. Jim.
I had to be away on some business. It appears I
didn�t miss much activity in MAGS, nor information on
Per Jim Davis or whoever from
Charlotte, NC or wherever. Let�s just understand we have
different ideas about investing. World tensions, the
failure of a Mid-east agreement, the reported missing of
20 nuclear bombs (each which could blow-up an entire
city block) from the former USSR, I think plays a
significant role in MAGS and their product and future
earnings. Your feeling that MAGS is a company that can
proceed independently of politics and world events, seems
very naive to me.
My comment about �earnings�
was to repudiate the high school stockbroker fad of
�head and shoulder�, �cup and saucer� , and Chinese
candle chart formationists. As evidenced with the huge
drop in dot com companies (which appears to have
continued while I was gone), I believe earning are very
significant. And, the greater the earnings, the faster MAGS
will get picked-up on many radar investment screens.
Are you trying to draw some relevance to this
stock's Israeli base from the nomination of a Jewish
senator from Connecticut to the U.S. presidential ticket?
Isn't that a bit of a stretch? And if not, why mention
him at all? And what's that fool Helms got to do with
any of it?
You stated you're only interested
in reading facts on this thread, and you're only
interested in earnings from the companies you invest in.
Fine, but when I ask you about MAGS earnings picture
(post 415), you ignore it. When I tell you about Market
Maker activity, you ignore it. I grant you may not have
known what MM meant, or who Gruss was, but ask if you
don't understand what you're told by your betters --
you'll learn more that way than by fooloshly saying that
I post trash and don't have a clue.
DNC doesn't matter to the movement of MAGS, nor does
Lieberman, Gore, or Greenspan, or even interest rates. MAGS
is a stock that goes (or doesn't go) its own way, in
its own time.
If you want to argue or discuss
your political leanings, find another forum. This is
the wrong one.
I'm sorry I mentioned NC. That was a test
question. I presumed you were more knowledgeable about
where you live than giving investing info. Lieberman is
the Senator from what state? (Oh, no! She asked
another question!) I won't mention politics again. But, I
think you're wrong to disregard politics as related to
the stock market. Democratic convention? Greenspan
taking no position on interest rates until after the
election? Doesn't matter? Lieberman is the first jew
nominated for vice-president? It doesn't matter?
Listen, your charts and your opinion are all that matters
in the course of your world. I think you post trash
and don't have a clue.
Thanks for answering
all those NC questions. You failed the test, sonny.
What was that? "Who mentioned politics?" How stupid.
How lame are you? Do you even know who Jesse Helms
I'm long the stock. I'm not here to hear ego pounding
or pseudo-chartists. I scan this board to hear
information, if there is any.
I presume you are long
MAGS. Good investing.