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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (9341)7/15/2005 12:38:49 PM
From: Jibacoa  Read Replies (2) of 23958
 
Re: ZICA

As far as I know, Lobsinger remains as Chairman, Interim CEO & Interim President

I noticed Lancer Offshore filing.At that time in April the stock was at $3.51 They said they were planning on selling 2.674M The short position is around 1M (down 200Ks from May to June) On May 27 more than 994Ks were traded on a down day from 3.06 to 2.74 and on the next trading day, May 31 more than 1.064M were traded with the price down from 2.82 to 2.40

The stock seems to have found support at the 2.10 to 2.15 level and I think the "new support level" is now at $2.40 <g> (Initial support is at $2.70) Today with the price down, the highest one minute volumes have been on upticks, like the 14Ks at 10.30AM from 2.72 to 2.80 although, as I was writing,there was just a downtick at 12.31PM on 7,550 shares from 2.74 to 2.73 <g>
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