Originally posted by billyjoe
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Originally posted by New-born baby View PostThanks for the post on ZANE, Peanuts. A small investment of peanuts in ZANE may pay off nicely.
Are you in?Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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Originally posted by skiracer View Posti would say would be on the verge of "inzanity" to buy this stock. just looked at the daily, weekly and monthly charts and am i missing something?
I'll go on to say, however, that this is not a technical play... And should only be "played" with losable fundsHide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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Originally posted by peanuts View PostI don't think you're missing anything. Technically speaking, this stock has a long history of declining value.
I'll go on to say, however, that this is not a technical play... And should only be "played" with losable fundsTHE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Originally posted by skiracer View Posti'm sure you have your reasons for your interest in this stock. what do you see bud?- They just sold a division for $8 million that accounted for only 1/10 of revenue
- Management has declared a share buyback of $4 million (half the cash value of the sale) after the 1 day blackout period after they report earnings.
- At today's prices, the market cap is $14 million, so this means that the company is using cash to buy 28% of itself within 1 or 2 days after they report earnings.
- Scheduled earnings are for next Monday, March 31. The buyback should begin on April 2 if the earnings report is issued as per the press release.
- The current average volume is 55,111 shares per day. $4 million worth of volume equates to 8,000,000 shares at a price at $0.50 each. The current ask is $0.47...
- This makes me think that the volume coming in will be substantial and it will all be on the buying side.
- Stock market pricing is a simple supply and demand relationship. When there is more demand for a stock and the supply doesn't change, then price will increase to a point where demand decreases.
In summary: ZANE stock should see lots of demand, but the supply of shares should not change. The risk is that this is a sham company, with no real operations, that lies and lies and lies. The management doesn't have a criminal record that I know of.Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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Originally posted by peanuts View PostThe management doesn't have a criminal record that I know of.
Last edited by New-born baby; 03-28-2008, 12:38 PM.
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Originally posted by billyjoe View Post..........and Peanuts laughs all the way to the bank........again
-------------billy
I wonder what will happen next week?
I'm still hanging onto my lottery ticket from the state of inZanityHide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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Originally posted by peanuts View PostWhen I first posted about ZANE, the asking price was $0.44 per share. Today, the stock closed at $0.51. That's a change of 15.91%.
I wonder what will happen next week?
I'm still hanging onto my lottery ticket from the state of inZanityTHE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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