Zapata (ZAP) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zapata (ZAP)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken M who wrote (423)	7/23/1998 11:16:00 AM
From: DanZ	Read Replies (1) of 1206

Ken, <Smart money did not cover, trick did not work> Oh really? And how do you know that? Let's see, volume is 2.1 million shares already. The average trade size is only 925 shares right now but I have seen quite a few large buyers on the offer. I don't think a buyer of 20,000 shares is dumb. IMO, ZAP is going to at least $30 in the next few months. I'm basing this on earnings of $1.00 a share and a multiple of 30. Expect some upgrades soon from the current $0.80 estimate. It's way too low. The fish business is doing exceptional and the Internet business is going to add to their tremendous growth. My $30 target is conservative because I think the market could actually assign this company a multiple of 40 to 50 times earnings. You are fighting the tape my friend. BTW, I agree with Archer about the extraordinary gain but disagree with shorting the stock because of it. This seems like an emotional decision rather than one based on either TA or FA. If ZAP breaks 23, look for a very quick pop to 24 1/2. This is based on my read of the chart. Best of luck to all.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next