Discussion in 'Trading' started by Toonces, Apr 7, 2004.

  1. Toonces


    Couldn't find anything on the news wires. Anyone know why this is going nuts?
  2. gaj


    small float, security sector is hot (and they received orders last month), momo begetting more momo, shorts likely have piled on in the last couple weeks (i had 3 weeks ago, got stopped out a point up, and couldn't get more shares)

    that's it.
  3. The stock is rallying in sympathy with TASR.
    It's the next "Big Thing" but without the short interest!

    They make $1 million a year with a profit margin of 10%.
    Market Cap after today: $260 Million

  4. Was trading around $28.50 forty minutes before the closing bell, and then did a MOONSHOT as the shorts came in to cover!

    Only a 2.88 million share float, and yet traded 5.6 million shares!
  5. I watched this at 15 go to 18, ,20 25 and waited for a pullback, but finally bought this at 23 on Monday when it resumed.
  6. Sold 39.5 + 16. 3 days.

    Can you top that Mr Market. CAN You, CAN YOU????!!!!

  7. Market Cap: $303 Million

    Price to Book: 6.65

    Price to Sales: 4.32

    Traded over 4 times the Float today!

  8. interesting setup on mags with the run to 40 and big pullback after that. there was a lot of late thursday push back to 40 on the paris terrorism threat(another excuse to run the stock). personally, i'm hoping for a gap up to fade this hard. the gap today at 32.50ish has to be filled at some point and i'd be wary of longing a stock that has more than doubled in three trading sessions.
  9. mgkrebs


    dude, go out and get some meats and cheeses, only the finest, make some big sandwiches!!!:D
  10. bought at the breakout at $12, after "new 60 day high" and "at least 3X average volume" scan returned MAGS as a contender

    that was March 16

    my scan done at night on March 15, showed that MAGS traded 1 million+ shares that day, with huge price move. Prior ave volume was in the sub 50K range. Made me say "hmmm"

    A quick check of IBD group strength showed good group strength, also low shares outstanding, plus a "common sense check" indicated that with the recent news worldwide, the stock would benefit

    4000 shares bought at $12.00 on March 16, executed via Buy Stop Market order since I work 9A-5P at my "real job"

    have not done anything since that day, just watched my account grow by over $100,000, in about 2 weeks.

    Not bad for a trend follower, non-day trader, who places Buy Stop orders in the morning and then goes to work

    Long live Livermore, Weinstein, et all
    #10     Apr 9, 2004