David
I agree with everything you said and pleased that this discussion group isn't mired in the babble of other Y2K groups.
While I agree that, long-term, ZMAX will make longs happy, the question of when comes to mind. Collapse of Zitel has had a negative impact on the Y2K stock sub-market, fueling skepticism. Thus, small (ZMAX) contract announcements aren't sufficient for significant price increases in short-term, and ground is still viable for shorters. If the Bessemer announcement had occurred a few months ago, I think we would have witnessed such an increase, especially at the time that attention and resulting stock volume was focussed on ZMAX, but now I think that ZMAX, or other Y2K stocks, will only increase steadily in the long-term based on fundamentals. The hype and resulting technical increases are over for a long while, and the huge volume required for short-term upward jumps (one-day) will not be attracted to a Y2K stock like ZMAX unless MAJOR contracts are announced.
However, as already noted, given firms' unease with announcing that they are spending large sums to fix their "Y2K problem," such large contract announcements may not be forthcoming until the dominoes begin falling, i.e., it becomes publicly acceptable to make such announcements without scaring shareholders that the firm faces fiscal adversity.
Like you, all my Y2K stock marbles are in the ZMAX basket. I'm still optimistic, but disheartened in short-term that Zitel implosion will divert interest/volume even when ZMAX makes contract announcements.
And, I would like to six-pack those two shorters (2 elbows, 2 knees, 2 ankles, 6 bullets).
Good luck,
Samuel |
