David,
Don't know if you are aware of the reason for the drop in ZMAX yesterday. There was an article in the NY Times of 8 April that basically dismisses the Y2K stocks as fads. The specific quote on ZMAX was "An unsuccessful oil company, which was previously an unsuccessful gold company, changed its name to ZMAX last August and said it was in the year 2000 business. The stock soared from $2 to $20 and still remains above $15, even though the company has never released any details about its financial situation to the Securities and Exchange Commission."
Anyway, nothing untrue in the slam, however, the reporter failed to find out what the company is doing, the alliances they have made, the value of the software they have developed, their anticipated revenues, or, basically, anything positive about the company.
I seriously doubt that this is going to have any long term effect on the stock. I remain convinced, and, as a matter of fact, am buying more at these levels.
Bill |
