Kennt jemand Grund für Magal-Kurssturz heute ? o. T.

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Column: Herb Greenberg  
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Magal Systems (MAGS: news, chart, profile), the Israeli security company whose CEO was selling shares when the stock went from the high-teens to the low-30s, is finally on its way back down to earth.

The stock, which was around $30 when I first mentioned it, tumbled 25 percent today to $16.06.

Much of the slide occurred after the company's first quarter earnings release and conference call. The call included more than one comment from disgruntled investors who aren't happy it's falling.

Yet, as noted here, the CEO was quoted in the Israeli press as saying he was selling the stock because the stock was high.

Investors, I guess, didn't believe him. Moral of the story: Better to believe management than the momentum crowd!

Herb Greenberg is senior columnist for CBS MarketWatch.com, based in San Diego. He does not own stocks (except for shares of his employer, MarketWatch.com), and he does not sell stocks short or invest in hedge funds.

Der Kurs hat nach langer Abwärtsbewegung die Trendwende in Amerika geschafft, und dass obwohl der Nasdq 2,50% im Minus ist, schießt Magal (895761) nach oben!
Der Wahnsinn, ich bin drin *freu*
Gruß Berti