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


To: Curtains who wrote (13615)9/9/1998 2:27:00 AM
From: Jon Tara  Read Replies (1) | Respond to of 18444
 
ZULU doubled in a single day, and then gave it back over the next couple of days.

If that isn't an opportunity for pump and dump, I don't know what is.

In the days just prior to the announcement of the details of the acquisition (the "10:1 announcement") there were a number of irresponsible rumors floating around, including one about a ficticious $50M contract with Proctor and Gamble. One of the same individuals is now claiming that the financials will be out by the close on Thursday. We shall see. We know what came of his P&G rumor.

But you are right that the stock has gone nowhere, though - nowhere but down!

But, along the way, it doubled and droped in half, all in the same week, and I'll bet somebody made a lot of bucks both ways. Somebody that knew what the stock is really worth, and was able to profit from the unwarranted hype, as well as the slide back to reality.