To: LTK007 who wrote (1341 ) 1/31/1999 8:33:00 PM From: Mark[ox5] Read Replies (1) | Respond to of 2489
MZON was my worst non-play of the past year---I read the news of MZON before the bell.Ran to their web-site and saw they had all of 6(count'em,6) items up for bid--and said who would buy this stock-- went to the real-time ticker saw it oscillating around 15-17 and passed on it---LOL! it closed at 56! Exactly, that is why its so funny to read this doom and gloom scenarios posted here, and all these fearless predictions. NO ONE.. and I mean NO ONE, thought MZON would hit 56, probably no one even though 25! These things turn into animals upon themselves with the right circumstances... the downside here is support at 10, support at 8.50 and strong support at lower 7s So your "risking" 30% downside, (and no shorters it wont go back to $3, because now it is a "partial" ecommerce company and yes that does add value) and potential upside is undefined.. it could run to $19 7/8 and turn back at the psychological round number ($20) or it could go to $40.. who knows... To me a 2-3M float (1.9 is inaccurate) along with an e-commerce announcement which 90% of the investment community still hasn't heard of, (and other potential announcements which the PR firm has announced there are coming this week) is worth the risk of 30% downside, for 100,200,300% upside in just a few days. For those who it isnt worth that risk, SELL TOMMOROW ASAP. Honestly do 90% of these momentum investors even READ the previous week's news before they throw their money into a fast moving stock? Hell no, I watch the Tokyo Mex thread and the daytraders there.. half of them buy the stock on a recommendation and then say "ok, what do they do? Whats the target!" They are not going to look at (if/when) PRFM is up to $15 and moving up on a Joe Kernan mention and say .. "you know what Jeb, I dont think Im going to play this one.. I mean cmon its CFO resigned... " This one as has been said "is in play", its not an investment stock for the next few days, its a momentum, news play... not one where people are going to be pouring over "the last 7 quarters of dismal performance" Mark