ZDZ closes at 39-1/4, up 4-1/2 on 1.9 million shrs. This after DLJ initiates coverage with a BUY and $70 target.
Let's see...
4/19 Goldman Sachs - market outperform, ZDZ opens at 41
4/22 Donaldson, Lufkin & Jenrette - Buy, ZDZ opens at 40 7/8
That leaves Hambrecht & Quist, will they come out tomorrow?
Other good news, ZDNet came up on CNBC's radar screen today, The more ZDNet is talked about the more popular it becomes. Here's looking for an index listing.
Today's volume suggests we are about a week away from a break out.
Large buyers and sellers were in the market early in the day but stayed out in the afternoon. I clocked eleven large trades, 6 were buys. Large buyers accounted for 110,000 shrs and $4.2 million and sellers accounted for 74,400 shrs and $3.09 million. Here they are in order of appearance.
first sale 144,500 shares at 41, up 6-9/16 from the opening delay (does not count)
43,300 B 43
10,000 S 42-3/8
16,300 S 42-1/2
10,400 B 43
18,000 S 41-1/2
15,000 S 41-1/2
10,900 B 41-5/8
10,000 B 41-5/8
13,600 B 41-7/8
15,100 S 40-15/16
13,800 B 40-1/4
For the most part, institutional traders were not a factor, thus leaving the wee people to determine prices.
Call options were hot with most active being...
MAY40 5-3/8, 255 vol
MAY45 3-3/8, 184 vol
JUN30 12-5/8, 230 vol
Most active Put was
MAY40 6, 121 vol
BTW, that other tracking stock, you know the one, closed at 17-9/16, up 1-3/16 on 1.4 million shrs.
I remain, bullish on ZDZ. It is a BUY below 40.
Own the momentum! |
