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Magal Security Systems Ltd. Message Board

  • astaz astaz Mar 24, 2004 12:54 PM Flag

    Stock manipulation

    It's too bad that you can no longer buy a stock on its merits without stock manipulation as is going on here. Stock is sitting at 14.50, bomb scare is announced and the stock rises over 16, now it's back below 15. What is its true value. I know everyone is in to make money but this is ridiculous.

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    • <<<<If I were you I would reverse my position and go long. But then again, I have been proven wrong many many times before. >>>>
      I see what you say and it makes a lot of sense. I am here shorting for the short term as I feel that MAGS rise was too sharp and too fast. I know one key member of the company, he was my CO in the army and he is a serious guy. I think that they are in the right place at the right time but whenever I am at Ben Gurion airport, I see that most screening machines are foreign made and very few by Magal so I suppose that airport security is not their forte though they have been in this business way before others. Now we have the fence which is a major contributor to the last year bottom line and I am sure that this is a great fence but where is the demand for fences like this is coming from and what are THE MARGINS there? This is my concern about MAGS real growth. Anyway, I am hoping to cover in the $12.50 to $13 level and then may go long for the long haul for the resons that you stated so well. It may happen or may not. I had my share of mistakes too. Anyway, thanks and good luck.

    • ask yourself, what is this company's market ?

      <<protection against terrorism, burglary, unwanted intrusions, etc..etc..>>


      So what's so ridiculous ?


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