Quote from scriabinop23:
fascinating.. when i saw this hit $25, I attempted a short (short term scalp) and IB wouldn't let me. so bummed out. My short would have entered at 23.00.Would've been a nice $8 move.
You will be lucky to find shares. There is only 500K shares out on the open market.
Thats why I believe it may open real high on Monday. There is an army of traders right now amassing. A lot of guys look at the top winners list from Friday and they figure that the trend will continue. The market has been up, they spent time with their families and lots of turkey in their stomach. They are all feeling real lucky, most of them probably young and in their 20s thinking the word "invincible". I have confidence that they will get up early in the morning right when the premarket trading comes on at 8 and bid this thing up real high.
There will be probably be a good premarket on Monday with about 100-200k or more volume. By market open it will open nicely and then there will be a small pullback. By 10:30, thats when the youthful confidence sets in and people start pouring in the cash.
This might be a good long term holder. If they had one good conference call then its forseeable that the next one will be just as good. I think the irrational behavior in the market will continue for a few more months.
Some traders tend to stick with stocks that they know. I noticed that many guys seemed to stick with trading EFUT and ZVUE. This has now come on their radar.
Mark this post. Im going to stick out my neck. In 3 months, this might be at a level that you would have never imagined. Maybe 60 or even 600 or up into the 1000s.
The confidence levels in the market I am seeing now I have not seen since 1999. If this traded routinely in the 1000s during the 1990s, who knows where this will go with more liquidity and a generation of traders who did not experience 1999-2000 time period.
I noticed that some people were trading ZVUEW which are warrants and not the actual stock. Im wondering if some of the young traders even know what a warrant is. . .