Ho hum, whatever. MAGS is sure an exciting company, lots of buying interest, tremendous growth!! Maybe now it will stop going down. I changed my sentiment to "super strong buy!!"
First decent observation you have made here. You guys that wanted a second bubble needed to "wise up." Yelling at the top of your lungs was a waste of energy.
It's guys like you who think every tragedy esp. terrorism should benefit someone (ie. why not me). Something about trying to tie these events with this company's stock price (unrelated except for broad term "security") bothers me. Ah, I guess I have a problem with simpletons, my bad.
Knowing you guka, you're probably hoping for "something" to happen in NYC during the Republican convention...not that you would say it out loud. But any news that can move this POS defense stock up.
MAGS was one of the easier ones to pick on, a slow growth, unknown Iraeli security play. Having that 15 minutes of fame may have ruined this company (and others) from ever getting legitimate investors. IMHO, this stock just fades away. Where's the Olympic pop or other terrorist related pop? It's in a death spiral waiting for capitulation.
MAGS = stock of pain and misery for longs. Shorts have had their way with this dog. Single digits by end of month for sure.
And it is an Iraeli company not likely to get US government contracts. MAGS has very slow growth in a defensive minded world and it only moved on perception and momentum. Reality has set in now.
Only trouble with MAGS is that it averages a $1 drop every 2 days. Soon, 2 weeks, stock could be $0, won't be allowed to short anymore, hee, hee!
Took the words out of my mouth. Markets saying there is no reason to rally. It's going to take some huge news, oil dropping to $25, Osama surrenders and or Iraq becomes peaceful to turn the markets...highly unlikely sad to say.
Tomorrow could be bloodier going into the weekend. Man, the Pres. and media have sure got the markets spooked. At this rate, I'm thinking old GW may be booted out by his Wall Street buddies. Impossible to be long in the summer market.
More accurate than your $16 "floor" of last week, fool!! Always take a profit or cut your losses. The market is dying, no oversold bounce until the winter if at all.
That ain't no surprise. GW said he had an "energy plan" for the US citizens if elected. You pay, they play. Expect another 4 years IMHO.
Good for you, I hope it didn't cost you too much. The company is okay but the stock price has very little upside as it was only momentum trading that moves it. Interest is waning in MAGS like you said because they are not selling a lot of products, just catchy names.
Resistance levels dropping from $20, to $17 and next will be $15. In other words, MAGS is downtrending with no earnings report for another 3 months, not a good scenario.
Daytraders (longs) got their asses kicked by buying pre/earnings. Thank God it will be another 3 months before more "great" news. Meanwhile, down she slowly sinks. MAGS is dead money IMHO.