Tranzeo Wireless Technologies Inc TZWLF

why has the priced tanked on this thing?

[nortmania]

why has the price tanked on this stock?
is it just because they haven't had a press release for a contract in a while?
is there anything else i don't know?
is it just the business they are in as many companies like this have been hit hard.
any help appreciated.
thanks

[AmericanInv]

Hello nortmania,I can't give you a definitive answer as to why the stock tanked.  It's not as if they had a huge disaster like BP, where you can pinpoint the main reason for their drop.  I can however suggest some reasons why I think it dropped:- Day traders moving the price based on trends rather than intrinsic value- Investor skepticism about their ability to realize the