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MAGNETEK INC (NYSE:MAG), Down By 16.19% ($0.34) From $2.100 After BUYINS.NET Report Predicted Weakness After Earnings

^{Published on 2011-06-14 05:20:59 - WOPRAI}
 

June 14, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Tuesday, May 3rd 2011 stating that MAGNETEK INC (NYSE:MAG) was expected to be Down After its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=mag&id=164073

At the time this story was written, MAGNETEK INC (NYSE:MAG) is Down By 16.19% ($0.34) From $2.100 since the BUYINS.NET report was released.

The movement of stock prices in the days and weeks leading to and following earnings announcements may follow a predictable pattern. Most companies stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The specific technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php

MAGNETEK INC (NYSE:MAG) - Magnetek, Inc. provides digital power control systems North America. Its systems control motion and power primarily in material handling, elevator, and energy delivery applications. The company offers power control and delivery systems and solutions for overhead material handling applications used in industries, such as aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, locomotive yards, and heavy movable structures. Its material handling products, including drive systems, radio remote controls, braking, collision-avoidance, and electrification subsystems. The company also designs, builds, sells, and supports elevator application integrated subsystems and drives, which comprise DC high performance elevator drives and AC drives for low and high performance traction elevators to control motion primarily in high-rise and high speed elevator applications. In addition, Magnetek offers energy delivery products consisting of power inverters for fuel cells, solar panels, and wind turbines, which deliver AC power from these energy sources to the utility power grid. Its products are sold directly or through manufacturers representatives to original equipment manufacturers, system integrators, and value-added resellers; distributors for resale; and end-users. The company was founded in 1984 and is headquartered in Menomonee Falls, Wisconsin.

About BUYINS.NET

BUYINS.NET, www.buyins.net , monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:

REGULATORY & COMPLIANCE NEWS

Friction Factor -- market-maker surveillance system tracking market makers in all stocks to determine Price Friction and compliance with new "Fair Market-Making Requirements".

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and all Threshold Security Lists daily for which stocks have naked short positions.

INVESTMENTS & TRADING

SqueezeTrigger -- 28 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts next move in stocks.

GATS -- tracks and quantifies known trading strategies.

DISCLAIMER:

BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MAGNETEK INC (NYSE:MAG) has not approved the statements made in this release. Please read our report and visit our web site, http://www.buyins.net, for complete risks and disclosures.

Contact: BUYINS.NET Thomas Ronk 800-715-9999 tom@buyins.net http://www.buyins.net