MZON goes where the other inets go!
OK, I'm long MZON. Why? Because there is still momentum in the inet stocks. Sure MZON would have had a correction at some point, but it was pushed to a lower than normal correction Thursday due to bad (maybe illegal) slamming on CNBC, which caused nervous traders to bail. It was a half-day of trading and nobody wanted to worry about their stock over Christmas. Remember, at the end of the day, MZON was bouncing back up because of perceived value and momentum at that price.
My guess is that last Thursday pushed the inets lower because of the short trading day, a market made up mostly of daytraders and was the day before Christmas. Monday should bring back the excitement and we could very likely see them run up again.
At some point, some of the inets will level off and others will fall and disappear, but I don't think it's next week.
Brentsky
P.S. All of the web news like cbsmaketwatch are printing stories today about robust economy, how 1999 looks good, etc, etc, this will only push inets higher! |
