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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing -- Ignore unavailable to you. Want to Upgrade?


To: AL R who wrote (414)6/11/1998 2:18:00 AM
From: Steven Ivanyi  Read Replies (1) | Respond to of 633
 
I'm not out to piss people off. MAl was very close to a long term downtrend line, plus it had a news release on which the stock went up on low volume. Yes, support is at about 10.35, it closed at 10.40. If the markets ie US markets have a down day tomorrow MAL will probably break this minor support area, then I stay short.

Again, forgive me for giving the wrong impression of pissing loyal MAL fans off, but I trade this stock both short and long. And yes, it is a good company but like I wrote couldn't resist a short sale. When I short and cover I usually buy as well and the reverse.

Steven, just trading for a living