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Thursday, July 13, 2006

Update - EZM

So much like last time Cramer mentioned EZM there seems to be some delays in trading of the stock the next day. Last time it was around 10:30 before there was real volume and today around 9:50am according to the chart, although there is pre-market activity recorded. Some other charts I have looked at don't have the gap like the one I have pasted below though. The stock opened in the pre-market at $2.74 and slowly drifted downwards from there to a low of $2.63 and closed the pre-market at $2.64. The stock then opened at $2.66 and only saw a high of $2.67. There was quick drop to $2.62 before another run back to $2.67 and then the air came out of the stock with an initial low of $2.56 coming right around 10:00am. The stock then hung around $2.60 till late in the day when it lost even more steam and found the low for the day of $2.48. So with highs last night of $2.78 and a low of $2.48, we had a nice drop of nearly 11% (assuming of course someone timed both the high and low perfectly, which would be impressive, but unlikely). Once again, having read the message boards last night, its amazing how people think this stock was going to the moon today off Cramer's latest recommendation...failing to realize that the last few times he has mentioned it has yielded similar results as today.


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