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Magal Security Systems (MAGS) Message Board

e5ducky 2 posts  |  Last Activity: Apr 7, 2015 4:05 PM Member since: May 27, 2001
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  • Reply to

    Looking for breakout

    by bwgozep Apr 7, 2015 3:46 PM
    e5ducky e5ducky Apr 7, 2015 4:05 PM Flag

    From the way I read the chart, breakout occurred today when the price went past the right side of the cup with handle formation at $30.70.

  • Reply to

    revenue $8 million...cash burn -$51,000,000=..

    by gizzy2020 Feb 27, 2015 8:58 AM
    e5ducky e5ducky Feb 27, 2015 9:13 AM Flag

    All about potential. When I was a relatively new investor, this used to drive me crazy. I'd buy a stock with excellent earnings, that were ramping up quarter to quarter and the company would report great earnings and drop. Never made sense to me why the market worked that way when you'd see the opposite happen. A stock with negative earnings for years would report another huge loss and the stock price would rise. Apparently it isn't always about what a company actually is doing in the present, but what they potentially can achieve in the future. I still shake my head at the price people are willing to pay for companies losing money, but I've been buying into some of these companies, especially in the biotech area, that have a huge future earnings potential and have been doing very well making money.

MAGS
4.900.00(0.00%)Apr 24 3:59 PMEDT