Rainer,
Good to hear from one who is in contact with this new (for ZMAX)
German market. Official listing looks like it may have been Thursday,
Feb. 7, as volume went from average of 50K+/- to 207K.
"Recommendation" date of Friday, Feb.7 makes sense, as on Monday,
volume climbed to 906K & price went from 14.25 to close at 19.875.
Looks like New York Broker Deutschland could very well have
been the key to the "irrational exuberance" that moved the stock 5+
points. Since then, however, stock has settled back to 17.5.
Question: Are these guys really investment bankers, or more of a
"let's get together, drive the price up, then get the heck out of
Dodge"?. . . apologies for the American terminology.
Also, if price "settles" even more between now and Friday, why
recommend to "sell" when profits might be negligible to none?
Just curious if you have any insights or thoughts.
Thanks,
David |
