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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)

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To: Mark M who wrote (9821)7/3/1998 2:19:00 AM
From: Fredman  Read Replies (1) of 18444
 
in all seriousness, I have not seen anything 'substantive' come out in the positive on ZULU - ever. But i hear you all saying 'who cares - the stock price is going up'. sure, fine, yippee. at .35 a share, where the heck else would you expect it to go ?? it's a 'magical internet stock'. you know, one of those companies that will set the world on fire for the next millenium. I'd count myself lucky it is going back up - for no apparent reason. NOTHING WRONG WITH THAT. substantive news or information - or lack of it - pro or con - do not NECESSARILY make a stock move one way or the other ALL of the time.
Look at 4 oil drillers - GLM MDCO VRC ESV all GREAT companies - 3 of the 4 are NYSE listed - but the price of crude drops, so their stock price drops. never mind the fact these companies are doing 'nothing wrong' business-wise. this creates great buying opportunities for us. so then what ? the demand for low-price stock goes UP, so the price goes UP.
All the stock market is is a combination of legalized gambling governed by the rules of supply and demand. the prices of some of these stocks is ludicrous - look at AMAZON - they don't expect to show a profit for 6 or 7 years, but for some reason, people want the stock - at that price. CRAZY.
What does this have to do with ZULU ?? it was .35 a share a few days ago, you figure it out, if it isn't over your head(s).
And YES, i expect to get hammered about this posting - SO SHOOT ME.
Oh - SI POSTER BLOCKING - simple. don't read it.
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