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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?


To: D.Teague who wrote (681)2/20/1998 4:20:00 PM
From: tahoeman  Read Replies (3) | Respond to of 18444
 
Brian, I saw the $.10 and nearly fell out of my chair. The price was $.10 with a bid and ask in the $.17 and $.19 range, as had traded most of the morning. Then within moments it took off up to $.28! I have to believe that the $.10 was a mistake, or someone is really pissed off right now! Can you put stop loss orders on BB stocks? If so, I bet there are some people trying to get back in right now!

Look out everybody! IMO, but I bet that our our patience during this quiet period will pay off very soon. This would be a good time for the company to take advantage of the attention to this sector!



To: D.Teague who wrote (681)2/20/1998 4:57:00 PM
From: lloyd bashaw  Respond to of 18444
 
D. Teague,

What you witnessed with that .10 "sell" was a classic example of tape-painting. A short holder upon seeing the increased interest in the stock immediately sells some shares at a ridiculously low price. Newcomers upon seeing the "low" of the day assume incorrectly that the stock has "run" and shy away.

I was in daytraders today and saw the .10 "sale" and also saw several subsequent neophytes immediately balk or incorrectly assume that NETZ was going too far. So I guess it works to a degree.

Best Wishes



To: D.Teague who wrote (681)2/21/1998 3:21:00 AM
From: TraderGreg  Respond to of 18444
 
my quote service is showing a low of 10 cents today.

MM slime printing the tape to shake out the nervous. They do it several times a week. I view it as a contrarian indicator. Ignore the negatives of it.

TG