I used to post my TA on this board, but many
failed to see the benefit of unbiased, objective
analysis. When the daily stochastics, short term and mid
term oscillators, etc. were all pointing down, I
advised everyone that ZQK was not the place to be. Add to
that, a continual wave of bad news (ie., luke warm
earnings, a poor (IMHO) conference call, and projected flat
Holiday earnings), all the signals were in for a short.
But the reply was "teens love the stuff". Hence, I
stopped posting it.
Today, we saw the sector rise
after taking a beating yesterday. Technically, the
bounce today was expected, especially after the fed news
of confirming slower growth.
Here's my take
on the short term. ZQK's quarter ends tomorrow
(actually Sunday, 10/31). They have been calling all major
accounts to push the inventory out their door. Why?
Because that's how ZQK books income...when inventory is
pushed out the door, they recognize the sale. Sales have
been flat at best, and ZQK has experienced a larger
than expected amount of returns. Their merchandise is
priced too high, competition has caught up with the Roxy
line, and the styles are lukewarm at best.
would not buy at this point. Earnings to be posted in
December will confirm my suspicions. ZQK is at or around
it's 52 week lows, but it will go lower...
You have been right all along. I bought and sold
some shares after the drop after earnings. I made some
cash, but not as much as if I would have shorted back
along time ago. Just out of curiosity, what price did
you short at, or have you added shares along the
way?? I do think that people get too emotional about
the stocks that they own, and they take it personally
when someone says to go short when they are long. I
thought you were crazy a while ago, but now I'm a
believer. I want your honest opinion here, would you short
now, or go long for a bit?? I don't know if you pay
attention to stochastics, but ZQK is stochasticly oversold
right now. The 13 day Moving average is at about 15
1/2. If I haad to lay money on it right now, I think
it might bounce back close to its 13 day MA. The
stock is in a down trend for sure, and long term short
is still looking good..... I ramble on. What do you
PSUN back to 16...I don't think so. If that
happens, ZQK will be at 5. So you think the P/E for PSUN
is "way too high"...what do you think about
Wal-Mart's P/E @ 47? Should we all short Wal-Mart too?
PSUN has a great business plan...ZQK does not. We'll
see who's right in the weeks to come.
fhutyu: If VectorVest says ZQK has a value of
$29.10/share, why is the stock @ 13, and going down?
you're going to rely upon this type of system to invest,
good luck to you. I prefer to do my own work, and make
my own decisions.
No way ZQK is worth
anything close to $29/share. More like $9/share.
VALUE: ZQK has a Value of $29.1 per share. Value
foundation of the VectorVest system. It is
a measure of what a stock is
Value is based upon earnings, earnings growth
dividend payments, dividend growth rate, and financial
Current interest and inflation rates also play an
important role in the
computation of Value. When
interest and/or inflation rates decrease,
up. When interest rates and inflation increase, Value
down. Sooner or later a stock's Price and Value always
fhutyu: Consider this...all of you think that I
have an alterior motive. Maybe I do, maybe I don't,
but it doesn't matter. What I hope to achieve is the
same as all investors hope to achieve...that is to
make money trading stocks. After doing some research
on this company, I found out many things, most of
which I do not post. If I can save someone some money
(like Icenine for example), great. For the
non-believers (like EddieW37, Tiffany, Jack, Suedynm, Hibernia,
etal) all I can say is...too bad.
like what I post...simple, don't read them. If you
want valued opinions based upon hours and hours of
research, continue to read. Bottom line is this...I was
right all along...and the truth hurts.
blame me for your losses...blame McKnight, Samuels,
Hodge, Brink and other top management incompetents at
ZQK. I'd blame the restaurant guy, but all he does is
get coffee for his secretary.
you really sound like a 61 year old texas
man....you quik guys are truly the lamest.....thinking and
watching what? you need to think about how you sound
too.....how much did you really lose today....total b.
s......gotta love these idiots eddie....no wonder you love
letting them have it!!!
I don't own ZQK and have just been watching it,
thinking I might buy some.
What puzzles me on this
board is you?
Why such a hard on over this
Did they fire you or sleep with your wife?
out my boy, your really a pain to listen to, even by
someone who is not a share holder!
Last year, McKnight took a bonus of $1 million
dollars. That was on top of his salary of $400K+, and
stock options. You would think, that with that kind of
money, he would do something for the shareholders.
Well, all he has done was put the company on a path to
certain failure. Look at the stock value. The market cap
is now below $300M, the stock is trading at its 52
week lows, and ZQK will not meet this quarters
No McKnight, you do not
deserve a bonus...and neither does any other member of
management. Here's what I think...exercise your options to
buy ZQK...your price is now HIGHER than what the
public can buy it for.
You should also move to
cut expenses (like flying everyone first class and
staying in high priced hotels), cut the pay of your
friends or better yet, fire some of them (like the
useless restaurant guy), and get out of the department
stores and get back to the core...that's where ZQK
started. Look at your business plan, it just doesn't make