Thinly traded stocks are so much fun, aren't they? *sigh* I watch a lot. Some that trade only 10,000 shares a day or less (DAVE sometimes)
Remember when they were pulling the same stunts on KM over a year ago? Now that I know better, I understand why people were so pissed.
On the volume, there was a fair number of shares traded on the drop, IMHO. But, obviously, MAGS didn't have capitulation today despite hitting the lowest point since 9/11. I'm guessing there were some stops taken out today.
Even though I'm sure you're fine on the longer term, I'm still going to wait and see short-term if the gap gets filled. I almost pulled the trigger under $7, but it's just too big for me. I think a lot of the flaky "herd" and mo-mo traders who jumped on because of 9/11 will be prone to panic sell just as irrationally as they bought in.
FWIW, I almost bought more DAVE today under $7 too, but didn't.
Good luck to you with your future investments. Hope to see you back with us soon.
Speaking of tapes, there is another tape which plays the findings of an economist from the Univ. of California. He calculated the damage to the US economy since Sep 11th 'till today. He didn't supply future analysis and, note this, didn't include the losses in the stock markets. He just calculated the direct and indirect impact the events had on the US economy till now. His calculations included decreases in sales, advertising, flight and travel, productiveness, expenses on security approved so far...
His bottom line was $100 Billion. Again, that's TILL NOW.
Did buy back in after the news releases which really didn't say anything more than what has been expressed on this board. The statments did reflect inquiries from companies but not signed contracts to allow optimistic statements to be made.
The accident of the latest airplane disaster also leaves me confused since the break up doesn't make any sense. Gephart the minority leader of the house did lambasting airport security but his comments do not reflect an overall deffiency in overall security of airports. There are too many leaks in airport security without a perimeter safeguard. I did work for a high security defense company and security was maintained with a physical fence with guards and secured entrances. What does Magal really offer beyond that since anyone can build fences, install gates etc?