To: Rande Is who wrote (15839 ) 11/27/1999 3:37:00 PM From: If only I'd held Read Replies (1) | Respond to
They play it all wrong. They have their sell orders all stacked up, which just puts a ceiling on the stock. Maybe one day, that ceiling will get taken out and the market makers will make them sorry they didn't hold the investment. If they just held tight to the stock in a cash account, the stock would appreciate due to the laws of supply and demand. Seems kinda stupid to stack up a ceiling of 11-12 in the stock, with the average P/E in this industry being 5 times what ZNDT trades at. We gotta stop telling daytraders about the stock. Heck, I bet most of them have their sell orders set at break-even or for a lousy 1/4 point. The sad part is that they haven't placed any value what-so-ever on the trading capital that is tied up. Who the hell ties up $12,000 for a gain of 250-1,000? Daytraders. That's ok if it happens in one day I suppose, but the longer the money has sat, the higher the return should be right? So shouldn't they be raising the ask on their stock every day to assure them the right amount of return on their investment? (since they are placing them up for sale every day)Instead, these people lower their ask evry day. Never buy a stock you aren't willing to hold for at least 6 months, I say. We need stronger shareholders in the stock. These buyers that have been toying around in it are amateurs and shouldn't be messing with this kind of money in my opinion. That includes the market makers in the stock. Of all people, you would think they would have better judgement. I think they are braindead. All this talk about the float...who cares? The "business" is a steal at these levels. The float is controlled by idiots. Let them know how you feel by sending them a little letter...http://www.zindart.com/
