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Magal Security Systems (MAGS) Message Board

msc5825 4 posts  |  Last Activity: Jan 6, 2015 4:01 PM Member since: Oct 17, 2000
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  • msc5825 by msc5825 Jan 6, 2015 4:01 PM Flag

    Not complaining. Well maybe a little bit. Bought 3,000 yesterday at $5.05 and watched the stock fall off the table from the git go this morning. Bought 2,000 more at 4.65 and toyed with the idea of buying the 5000 offer at 4.65 after my purchase. Then BANG!! It catches a bid and the stock makes a full U turn. Hope it augurs well for the near future for all of us. SVA is due for a surge. Too much talent not to produce something of value.

  • msc5825 msc5825 Jan 6, 2015 10:49 AM Flag

    Sorry guys but I bought SVA yesterday which means it has to correct today. Good luck to all longs.

  • Reply to

    Any opinions on the offering results?

    by msc5825 Dec 9, 2014 10:17 AM
    msc5825 msc5825 Dec 12, 2014 1:13 AM Flag

    As I said I'm not that sophisticated. To add to my reasons for purchase is my belief that there will be some headway in normalizing relations with Cuba. It appears Venezuela is going to have serious social upheaval and the local population might find it difficult to support a government subsidy to the country, Cuba, whose policies ruined the nation. Without support either Fidel will keel over one day soon or do something drastic to help save his nation and legacy. Maybe I'm a fool but I bought another 1,000 shares at $7.05 yesterday. I'm in at $6.82 and $7.05. Of course 2,000 shares is practically a weeks volume so that may also have been a dumb move.

  • I'm not that sophisticated and was curious as to the viewpoint of the more financially educated holders or followers of CUBA. This stock trades by appointment only so I know that there aren't too many interested parties. I'm in it because I've owned it before and it was trading at a 20% discount to NAV. Best of luck to all holders. BTW I was not a participant in the rights offering. Did not own it on the subscription date.

MAGS
4.97-0.10(-1.97%)Mar 3 3:59 PMEST

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