TEDennis,
Thanks for the post earlier on the VIAS conf.
Regarding your post,
<<<If, indeed, ZITL's management is "giving up" on Matridigm, this stock should
plummet like an elevator with a broken support cable.
So, why is volume at 1.1 million, and the price up 1 1/2 ???
I've always been intrigued by investor psychology and how the masses react to
news, events, potential, etc.. This one has to be the most interesting case of "what's
going on?" that I've ever seen.>>>
Investor opinion never amazes me. Everyone's posts and opinions are slanted by the direction they would like the stock to go. People almost always try to defend their preconceived notions.
I was stupid and greedy enough at 62 to think ZITL was going up more. I could have made a lot more money than I did on the way up. The same way that some shorts got too greedy at the 10-11 range.
In retrospect, if I would have smartly played the momentum swings...
WOW!!
Anyway, IMO ZITL is stagnant now. It makes sense that any stock rebounds after a sharp swing, either up or down.
I would go long under 16, or I would go short over 25. Too volatile to make good money here for me.
Good Luck All!!! |
