Magellan Aerospace Corp (MAL) New Listing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: worldtraveller who wrote (606)	3/20/2000 10:30:00 AM
From: thomas gentry	Read Replies (1) of 633

It depends on your definition of "compelling". At the time of this writing, MAL was sitting at $6.45. The fair trading range (by my review of the fundamentals) is $6.21 to $9.66, with an average of $7.94. Rick's technical analysis suggests that market sentiment is bullish. Add to this the recent "rediscovery" of non-dotcom stocks, which again is bullish for MAL. The question which I'm asking myself today is, "Can I do better than 23% (which would reflect a conservative move from $6.45 to the middle of the trading range) over the next month or so, with a relatively low risk of a significant price drop?" At this time my answer is "no". Regards, Thomas

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next