Quite an extrodinary run for ZULU, actually. It's appropriate, then, that "wrong way Party Time" would poo-poo it. :)
ZULU hasn't had an up day like this since 7/1. And, though some say you can't use TA on penny stocks, a number of technical indicators are showing signs that the stock has bottomed.
There, there's objectivity for you.
I note, however, that there is no corresponding move in ESVS. This is troubling.
Based on the non-stop buying all of a sudden starting at about 10:00, I'd speculate that ZULU may have been "recommended" by some Internet newsletter, or some-such. There are a number of these that orchestrate run-ups by pre-announcing a time when they will recommend a stock, but not announcing the name of the stock until that moment. It's then a game of chicken to get out before everybody else does.
Or, there could be a press release - anybody see news for ZULU?
Now, am I buying? Nope. My broker doesn't do BB stocks, and, anyway, I think it's a sham. :) |
