Of getting any contracts. Do you really think anyone is going to award them any contracts of size. They may get a small one here or there but won't get one large enough to support this price level.
Where are they listed here as even a contender
LOL, my my a little touchy arent we?? Go back and read my post again. I know Cramer sucks but he gets em right once in awhile. As a daytrader Im always flat (no positions) at the end of the day, and I have no current position in MAGS. Like I said, I will watch tomorrow and see which way this sector goes and then play it accordingly, just like everyday.
When you daytrade and you're flat to start the next morning, you are free to REACT to the market, not sitting and hoping it goes your way. And dont be so hard on shorts, I short as much or more than I go long. The market needs shorts to be a market, think about it. Not everyone can be long, a market needs both sides to be a market. If you never short, you are severely limiting your trading and profit making ability.
yeah cramers had atuff time latley -twx-nt chtr he isnt always right no one is.this market is hard to call. all of the sectors are looking for some type of guidance and investors are more timid than ever. mags may get aliitle squeeze tomorrow. anyone have an updated # on the short position %?
Yeah, message boards were screwed up, so I'll try this again. I agree with this poster, homeland security contracts will go to domestic companies, not foreign. MAGS makes peremiter fences and cameras, the guys the FBI are looking for are already here, so da fence didnt work! Besides, they are targeting public places, not private companies. While we need to be vigilant in this day and age, our society is based on freedom of movement. You cant fence in the public domain.
MAGS has net income of $1.9 million, all from the electric fence between Israel and Palestine. I see no net income from other products yet, and motion cameras are available from many sources. IPIX sells them and hasnt sold any yet. Their 360 degree view camera doesnt ship until June. On top of that, all the insiders in management sold a ton of shares just last month. Now if MAGS was going to $30 or more, why did they all sell? They are the ones that know whats coming down the pipeline.
MACE is a joke, they sell personal protection (mace cans) and car alarms. Not exactly what we need to thwart terrorists. I just feel this whole sector is a little too hyped up. CNBC did a piece after the close on MAGS,TBUS,IPIX and MACE calling them "highly speculative, daytraders at BEST". Cramer put out an alert today saying these gains of the last few days are "not sustainable".
Now I will be the first to admit that Cramer is a blow hard, jerk off egotistical idiot. But he does have great sources on The Street and he knows what the big boys are doing. MAGS has such a low float, I feel if it was really going to fly, it would have run much higher today on the FBI conference. Yet it pulled back and had trouble holding $21 all afternoon.
I think this sector is a bit overbought, Im gonna watch tomorrow and see which way it goes. But Im guessing that the big boys and the insiders know best, and I feel we get a pullback. The reason I quit watching CNBC was because of the Cramer guest spots, where he slammed or hyped a stock depending on his positions. If he is slamming these stocks, its a sure bet that he and alot of other big players are short. I dont think MAGS will drop much, but I could see $17-18 near term.
Of course, God forbid if a bomb goes off, all bets are off!!
I replied to this once, but it was deleted by the sensor. I agree with this post and this article. Homeland Security contracts will go to domestic companies, not foreign. In looking at their profile, MAGS makes peremiter fences and motion cameras. Well the guys the FBI are looking for are already here, so the fence didnt work! Besides, they are after public targets, not private factories. You cant fence in the whole public sector, we have to be vigilant but we are also a society based on freedom of movement.
Net income for MAGS rose 23% to $1.9 million. This was all from the electronic fence between Israel and Palestine, so it doesnt appear that they are generating alot of revenue from other sources yet. On top of that, all the insiders sold a ton of stock last April. Now, if MAGS is really going to $30 or higher, why would they sell? They know whats coming down the pipeline. Motion detector cameras, well IPIX sells those also and they have yet to make a single sale. They wont start shipping their 360 degree view camera until June. MACE sells personal protection devices (mace cans) and car alarms. Hmmm just what we need to thwart terrorists are car alarms, very effective.
I can hear it now..."Achmed, I killed all the guards, stole the uniforms, strapped the bomb to my body but just as I touched the car, it started beeping so I ran away".
Dontcha think this sector is just a little over hyped? Cramer put out a warning today on MAGS, MACE, IPIX and TBUS that their gains are "unsustainable". Now I agree that Cramer is an egotistical, overblown, front running jerk off but he does have access to what The Street is doing. Hes got alot of sources and does get em right once in awhile. Cramer is the reason I quit watching CNBC, he would hype or slam a stock depending on his position. I have to believe that he and alot of other big boys are short MAGS now from the high $21's. So I will watch tomorrow and see what happens, but my guess is that The Street and the Insiders know best. MAGS has such a low float, if it was gonna fly on this new scare in the news, today was the day yet it couldnt hold $21. I believe alot of forces are at work to push it back down a few points.
Hmmm I have to agree with this post. Additionally I think our government will spend the bucks for Homeland Security with domestic companies, not foreign. Looking at the Yahoo profile of MAGS, they make perimeter security fences etc. Well the guys the FBI are looking for are already here in the country, so da fence didn't work! The terrorist targets will be public places, not private business or factories. You can't fence in the whole public sector, we need to be vigilant but we also live in a society based on freedom of movement.
Net income for MAGS rose 23% so far this year, to $1.9 million. This revenue came from the electric fence between Israel and Palestine. So, other than this fence, it doesn't look like they are generating much revenue from anything else so far.
In checking Insider Transactions, all of them sold a ton of stock last April. They also sell motion detector cameras, same as IPIX. So far IPIX has yet to sell any cameras at all, their 360 degree camera will not start shipping until June. And then there is MACE, who sells personal protection devices (mace cans) and car alarms. Just what we need, car alarms to thwart would be terrorists. Sorry, but this whole sector has been hyped up just a little too much.
MAGS may run a bit more, but reality will set in. This is an email received today: "Midday today, The Street.Com warned that the premarket gains of 4 security plays (IPIX, MAGS, MACE, and TBUS) were unsustainable in their opinion. They warned that these security plays can lose their steam in a heartbeat, as they did in mid-April".
Now, I will be the first to admit that Cramer is a front running, blow hard, egotistical jerk off who doesnt belong on tv. But he also has tremendous sources on the Street and what the big boys are doing, he does get some calls right! He's got alot of contacts, and I have to believe if he says these 4 stocks are overhyped then he and alot of other big players have shorted them. That's why I quit watching CNBC, he would come on as a guest and slam a stock, or praise a stock, and you knew he was either long or short the stock and front running it. If this puppy was going to $30 or higher, why did all the insiders sell last month? They know what's coming long before the rest of us, they know what contracts are in the pipeline. I'm going with them and The Street, I think we get a small pullback here in the next day or so. It's run too far too fast on no significant news.
wow! Guess you think you're a real genius when it comes to stock analysis. You don't know squat. Sound like a short but I think that's too sophisticated for you. Like Jim Cramer? What a joke!