Clair Voyeur: Please note that my observation
pertains to what is called TA(Technical Analysis). It is
generally understood that any gap up or down will have to
be filled subsequently either near term or long
term. It was my observation that there was such a gap
up during December '98 and was never filled
afterwards. Now I find that this gap has been filled during
this drop of the price of ZQK. It is just such an
observation that I am bringing to the notice of the board and
I am sure others inclined towards TA may also have
Stock down 2-9/16 to 16 and change on extremely
high volume. Right now, I bet that McKnight is on the
phone to all of the analysts, and fund/institutional
investors, trying to calm nerves. If we see big volume again
tomorrow (and my guess is that we will), expect a further
drop in the price, testing the $15 support level.
Break that, and I'm sorry to say there may be a lot of
dark days ahead.
Although we saw higher net
sales when compared to the same period last year, more
importantly, we saw a drop of over $20 MILLION in sales from
last quarter (about 20%). From a trending point of
view, this is probably a sign of things to come. Hence,
a lack of enthusiasm by the street.
to look for tomorrow and next week. See if the
institutions dump. High volumes will indicate this. I suspect
that some of them lightened their losses today. They
had to. With Sept. 30 approaching, they will have to
issue reports and needless to say, no one wants to show
a poor performing stock in their
As always, be careful. This is a very dangerous
I just wanted to see what the reaction of
Suedynm, Mom, Tiffany and Jack would be. As predicted,
high jubilation over so-so numbers. You can't overlook
the sector, technicals, etc. The street is not
We have about 30 minutes left in the
trading day, and the ZQK is down 2-5/8 (-15%), and
appears to be retesting the low end support of 15 and
We'll see what happens for the rest of
the day, but my guess is that there will be a bunch
of sell at close orders.
Once again, it is not wise to bet against this
company. It is firing on all cylinders. Up across the
board in all catagories. Congratulations to Bob
McKnight and the whole management team on an excellent
quarter. I've had this stock since the IPO and have made
so much money that it is hard to believe. Try to
find another stock outside the tech arena that has
performed so well over the past 13 years.
I think you better sell out while you can. Like I
have been posting for the last few weeks, if the
estimates do not come in at .30 or better, the stock will
take a hit. WAS I RIGHT????
Come on people, the
techincals don't lie. ZQK failed to "beat the street" and
will suffer a major hit tomorrow and next week. Look
at PSUN, Gap, Sears, etc. They are all being hit.
ZQK will not be any different.
There is a
strong resistence at 19.50. The recent support at 18 was
broken like a hot knife through butter. We dipped to 15
and change and hit the last support level. Break
that, and we will see single digits soon.
buying yet...I'll wait until some support shown.
Eddie will you go harrass some other message
board now that you have made a fool of
We are all tired of your negative attitude, multiple
posts, and most importantly WRONG INFORMATION.
This baby is gonna soar! Go long.