I don't think it's mere randomness aaplj. The 5 reasons I have heard here and on the ASEI bd are: Isreali budget finally passed; Hamas declaration today that they will reinitiate hostilities; Pipeguard news about to pop; a big buyer entering; or US Border security sub-contracts upcoming. I would find it incredible that randomness could drive an 11% move. Also, volume (about 40k sh) isn't huge, but is fair for MAGS (is in the single digit thousands on slow days). MD$
How's your chart look now.. ROOKIE. Have a great weekend ,this is just the start.. Like I said it can reverse anytime ,this stock is not typical.Good luck and may the charts be with you.. Its all good especially for MAGS.
Settle down, Skippy. MAGS merely bounced back to solid steel esistance (the 200 dma). Did you not read my previous post regarding the MAJOR resistance points? MAGS closed smack dab at the 200 dma, and there is still the 50 dma right at $10.90. So, in a nutshell, today meant absolutely NOTHING.
You amateur "investors" really do crack me up. You clearly have no clue how this game works. You all get lathered up everytime MAGS bounced back to resistance...only to see it tumble back down below $10.00.
Next week you'll see REALITY rear its head again....so calm down and take a breather, rookie.
Have a great weekend all :)
<I don't think it's mere randomness aaplj. The 5 reasons I have heard here and on the ASEI bd are: Isreali budget finally passed; Hamas declaration today that they will reinitiate hostilities; Pipeguard news about to pop; a big buyer entering; or US Border security sub-contracts upcoming.>
The fact that people have spat out five different reasons confirms, for me, that there was no reason for the move. I think it was just random noise. As the decline to the mid 9s was random noise. People shouldn't get carried away one way or the other. 11% for an illiquid stock like this isn't a big deal.
A BAD CHARTIST.. Day to day doesn't matter MAGS will be a powerhouse co. and the stock price will reflect that.. The stock was trading between 9.5 and 10.5 with absolutely no news except a contract loss, this puppy wants to go higher .. It's just a matter of time, buy all you can at these levels because pretty soon you are looking at much much higher prices..
Oh my...the resident "genius's" must be scratching their heads this morning thinking, "But...but...MAGS was up on Friday! Why is it puking it all back today? I don't get it!"
....LMAO. You people are too funny :))
I'd venture to guess that not ONE SINGLE person here rang the register on the bull trap set by the mm's on Friday afternoon. Silly fools, I tried to tell you what was being set up ;)
Next time, learn to a read a chart and maybe...JUST MAYBE...you'll learn how to identify a bull trap when you see it (and take FULL advantage of it :)
Like I said on Friday, the astute trader added to short position on Friday's trap. It was extrememly simple to identify.
Silence is golden here this morning..lol.
Enjoy the ride down folks.
Wash, Rinse, Repeat ;)
Bet the sucker who bought at $10.55 on Friday is kicking himslef today...LOL. That's the beauty of the stock market...there is always a sucker ou there.
S0 far, 13k volume...not bad for just 1 hour of trade. Back to REALITY, kids...just as I said would happen on Friday when ya'll were in a frenzy.
Hope you kids are learning something about trading. You see, when you learn how to read a chart, making money is quite simple. It takes years to do...but once you have it...you have it.
I tried to tell you silly fools that Friday was a TEXTBOOK bull trap, but none of you wanted to believe it. Now, you have a "live lesson".
$8's are "on deck"