RE:Support bid at 78 centsYeah, I've seen monster bids tossed on frequently in the past couple of weeks. They almost always came in a cent or so below the previous day's low.
Some might look at that as fake support, but as it was always so close to the actual trading range, if it was intended to be fake, the bidder was taking quite a chance someone would dump all over it. FWIW, it never happened. I won't be surprised to see a couple hundred k bid at .75 tomorrow. I think someone really wants to be a big buyer in this range.
I may be a little biased though as I just started picking some up today.
I believe low earnings are generally expected from the Q2 numbers later this month due to the company still being in the transition phase to the bigger capacity plant. Maybe we can go a little lower from here. Maybe not. Maybe we find ourselves at .70 if Q2 actually shows a loss. If so, then that would be the time I'll start really loading up. The next three weeks could be quite interesting. Personally I'm mostly focused on the Q3 and Q4 numbers and look at today's price as an opportunity. Q1 or just possibly Q2 will be the low point, and everything after that is just loaded with potential to push CZO higher and higher and higher.
88guy88 wrote: real or fake....208500.....trying to keep the price up before the Q numbers when they are likely to fall