MAGS - Magal Security - Airport Bomb Detection + more Message Board

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Non-Tech : MAGS - Magal Security - Airport Bomb Detection + more

MAGS 67.15

+0.2%

Dec 9 4:00 PM EST

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To: Bret P who wrote (315)	12/13/1998 9:15:00 PM
From: William Harvey	Read Replies (1) of 394

I bet the move two weeks ago was mostly TokyoJoe. It's the second time he's hyped this stock. I wasn't following the stock when he put out his first buy recommendation but with no news to account for the rise this time, I put in a sell before the close of the day. The lesson is obvious: This is really a defensive company and there is life in the stock price without any bloodshed. I think the 50% jump a couple weeks ago shows how many investors are waiting on the sidelines to get in on news or rumor but afraid to make a commitment. Last time TokyoJoe made a recommendation, it was not clear what the earnings were over the last twelve months, but now it is. Projected earnings for the year stand at 31 cents per share. Somebody is committed and that's contagious. WH

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