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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Hank who wrote (324)3/11/1998 10:24:00 AM
From: Jim Roof  Read Replies (1) of 4634
 
<<It would be the first time in history a stock appreciated almost 50% without any serious buyers. Nobody in their right mind would go long this stock. Not even traders.>>

Have you researched all stock issues that history has recorded? I think not. The markets do not have a mechanism by which serious buyers are somehow distinguished from frivolous or stupid buyers. The MM alone cannot hold this stock up without buy orders. And from where are they coming? Maybe from fools and idiots but hey... look at who we (collectively, not me) put in the Whitehouse!

All it takes for ZONA to go up is adequate buyers of any intelligence class.

Jim
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