Do you believe in Magic?
This little software company based in Israel with the presumptuous name of Magic Software (MGIC) has shot past the $5 mark and is trading today above $6. It has more than doubled in just a few months and the latest spike is based on the news that Gartner Group ranked them in the "Visionaries Quadrant of the Gartner 2010 Magic Quadrant for Application Infrastructure for Systematic SOA-Style Application Projects." Quite a mouthful I realize, however, what it means is that CIOs and other top IT execs will now have Magic on their minds as they look to roll out new IT solutions in 2011 and beyond.
How much higher do you Fools think their stock can rise? For what its worth, I'm in this one for the long haul.