Well, there is no hiding the winds of change now lol!!
I had a broker friend call me today who said he started buying today and will be buying all week. I had given this broker the goods on ZEN but he said the chart looked like crap and until it turned around he was on the sideline. Today he said the bottom is now in and the time to buy is now. He said he was not worried about catching the bottom, that there was plenty of upside on this story under $2.
I shared this story with one of the 14 (wonder if anyone knows who the other 10 are lol, I sure don't) and he heard the same from one of his buddies. Seems these 2 professionals liked the ZEN story but wanted a bottom put in before they "started to nibble". I think we will continue to see volume coming in as the pros will now want to build their positions.
If anyone has been reading other boards, it is quite comical to see the chief post incessantly...almost like he is horrified at the thought some may sell a marble play for a graphite play lol. Too bad he is not on the roof again, those were good days when he was pumping ZEN to his sheeps while selling it. This time, I can only think he wants them to freeze up while he buys ZEN hand over fists as he knows what this breakout today means. Anyone see the house positions, seems RBC was quite the active buyer today!
The Choo Choo is leaving the building...all aboard!
Glorieux