You idiot...stock ran from 7.00 to 59.00 and you ask that question...this is a bubble that will POP!!!
From Briefing.com.."(DAYTRADER): Some valuable trading lessons to be taken from early whipsaw action in the Internet stocks this morning. 1) Momentum stocks don't cough up an entire day's gains (usually no more than 60%) unless bankruptcy is involved, even after climbing 390% on a rehashed press release. To be certain, Multiple Zones (MZON 30 5/8 -25 3/8) does not have the fundamentals to support a $56 price or even this morning's low price of approx. $27 3/8. But when a stock exhibits oversold conditions due to panic selling, seasoned traders view it as an opportunity to squeeze a few last drops of blood from the stock. As the intraday chart demonstrates, MZON shares have spiked several times today as traders have attempted to participate in a trend reversal, or at least hop aboard a minor rebound for a 1 or 2 point spurt. 2) Manage those market orders. This morning, PC Connection (PCCC 21 1/2 +7/12) was indicated 186% higher on nothing more than a brief mention last night on CNBC as a possible MZON secondary play. Even on a blowout broader market open, stocks that gap almost 200% (especially those which trade over $10 per share) are usually going to come back down in a hurry, as those who placed market orders before the open have their teeth rattled by the fill. In this case, the stock opened at $38 1/8 and quickly tumbled back to $19. Sure, everyone wants to grab a seat on the next Internet rocket. But be smart about it. One must understand that the majority of stocks which experience such spectacular openings never see that high again Moreover, when dealing with Nasdaq stocks, traders must be very careful not to get ambushed by the market makers. Individuals may help avoid both scenarios through more active use of limit orders."
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