Agree; the basing, volume dying up, no insider trading and a strong time for the industry looks very positive. Technical indicators also show that this is close to coming out from the oversold threshold (I use MACD, Momentum, Wilder and Sochastics for tech analysis). Hopefully, ZCON will not , or has not, run into the cost overruns that PGTZ ran into recently with its recent acquisition.
On Insider trading, I believe that insiders cannot sell until a certain date after the IPO (6, 8 12 months ??). SMOD (Smart Modular Corp) went from 10-11 up to 25, then insiders were able to sell, and many did sell some to take profits, and the stock plunged to 9-10. For a thinly traded stock like SMOD and ZCON (float less than 5 million outstanding), and high managment ownership, some insider trading can take this stock down very easily. On the other hand, high insider and insitutional buying can drive this up very easily. May want to investigate when managment can sell for ZCON (I am not sure if the time is set by the SEC). Good Luck! |
