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

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To: Steven Ivanyi who wrote (415)6/11/1998 12:40:00 PM
From: AL R  Read Replies (1) of 633
 
Steven / Shorts

OK, I believe that you're not out to piss anyone off. Especially me. I do not hold this stock long or short. Your analysis of MAL is different than mine. That is what makes the markets so interesting.

In my opinion, the stock has been in consolidation since November but still in its long term up trend. The odds are it will break out above $11.00 in the near future. I will be a buyer then. I wouldn't consider shorting until the price broke through $9.45 and then I don't think there is much to be made on the down side. Just My Opinion. Been wrong before.
Hurricane Hydrocarbons (HHL.A-tse) is screaming to be shorted if you like to short.

Take care,
Al
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