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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)

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To: M. Frank Greiffenstein who wrote (912)2/23/1998 8:49:00 PM
From: Michael Harb  Read Replies (2) of 18444
 
<<Give OtherChap credit. He may be cantankerous, but he predicted the MMs would see you guys and gals running to buy MOnday morning, so they opened the damn thing up over 40 cents. And of course, alot of people in at 10 cents sold out.>>

That is a no-brainer. We all predicted it would gap up and pull back. Exactly what I said would happen. Someone asked me when to buy this morning. I said to wait until about 9:50 or 10am. That was around the low. Market Makers didn't "walk it down". The buying dried up, they lowered it until they found resistance. Many took profits of course, who can blame them. But remember OtherChump's other prediction, that we would close at .15 and would be looking to cry on his shoulder. Well well. As I said this morning, it would drop back and then close some where under where it opened. Well it did better than I even thought, closing right where it opened. Things are looking GREAT!!!!

Unfortunately I missed most of the trading today. On vacation for a couple days... (also out celebrating finding out my wife is pregnant this morning...2nd).

mike
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