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I agree completely, Doug. Another thing that bothers me about MZON is that their timing is pretty poor. They've got their site up a whole 2 days in front of XMAS? How many XMAS sales can you generate in 2 days?! EBAY, UBID, ONSL have all been selling like crazy throughout the quarter. Not true here. My experience is that the consumer buys nothing in January and February----they're just trying to pay off those credit card tabs from December. At any rate, I just don't think you can legitimately call MZON a peer to these companies. This was way overdone, even for a netstock. Shorts who positioned themselves at the old high of $30 earlier in the day, got blown out with about 45 minutes left in the trading session. Kernan helped this along quite a bit in his last segment. I fade Kernan all the time----with consistant success. With 23MM shares traded, who's left to buy? UBID hasn't traded that many shares all week, and the float is 1/3 of this stock. MZON's up 389% at the close. Who's dumb enough to buy a stock after a 4-fold increase in one day? Everybody who hyping this puppy keeps comparing to EBAY, AMZN, UBID, etc. When did any of these increase 400% in a single day? There's alot of profit pressure here. Everybody's going to be a seller in the morning. In order to be the family hero on XMAS morning, those profits have to be in the bag. I'm going to have fun watching them all try to get out at the same time. The news is out, and it's growing stale now. Glad I'm not long from $57. I have no position currently, but I'll be short sometime tomorrow. |
