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


To: InvestorTim who wrote (1196)2/24/1998 4:20:00 PM
From: hoffy  Read Replies (1) | Respond to of 18444
 
I'm showing the final tally as:
close .6875
Bid .67
ask .69
volume 7,799,500

That's up over 70% for the day. Plus, it close right at the high for the day and seemed to want to go higher. No pullbacks at all during the day. I think we could easily see a buck by tomorrow after people see the volume and read the releases that were put out today. Most people were afraid because they couldn't find any info out there and didn't know anything about their financials. Well now they have a taste and I think the rally will continue for a few more days.

My predictions for tomorrow: Open at .75 and close near 1.

One last thought
I have no idea how heavily this stock is shorted by the market makers but if it is we could really see a squeeze in the next few days as they run for cover. This is just a speculation but we all know that the mm's short these BB stocks heavily. That's how they get rich. But once in a while a company surprises them and they get caught. It could happen here.