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Strategies & Market Trends : Trend Setters and Range Riders

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To: mattie who wrote (5728)	4/20/2002 3:15:45 AM
From: lee kramer	Read Replies (1) of 5732

Hi Mattie: This is a challenge, ZOOX. The stock has come down from $110 to 38 cents. My initial concern is that they may not be able to remain in business. The company shows a negative $1.58 cash flow per share. I show them losing $2.12/share. It would take a hard look at the balance sheet and income statement to feel comfortable that they can continue in business. Assuming they are able to continue operations I see the following: Qcharts indicates that average daily volume is 189k. Volume popped to 409k on Thursday and the stock was up 4 cents. Looking at the chart it's been moving sideways since Jan 2001..after the mark-down phase ended.Yet the daily chart continues to show the stock below the flat 10, 20 and 40 day moving averages. I can't say the stock won't provide a trade for you, but I can say that I do not like the probabilities. I think you can find better low-priced charts than ZOOX.

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