Magellan Aerospace Corp (MAL) New Listing Message Board

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

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To: Ian A. who wrote (422)	7/22/1998 1:05:00 PM
From: Steven Ivanyi	Read Replies (1) of 633

Fundamentally I don't know why MAL is trading down here. I am currently short from $9.95 based on my own short sell signals that I have devised. Looking to cover at next support level of $8, if it breaks that next support is $7. I will just watch and see how it goes. At this point the stock is grossly oversold from a technical perspective and sorely tempted to cover, but I have noticed that when a downtrend entrenches the stock could be oversold for a long time. I assume you're long this stock, and I hope you're not offended by my analysis of Magallen. Steven

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