Calm down ladies!!! Seriously, you're worse than a pulsating mass of morbidly obese women at a weight-watchers meeting!!!
Think of trading the markets a little bit like dieting...
You make your commitment to lose weight (you buy into the stock)
You track your weight weekly (you monitor the market weekly)
Notice I said "weekly???"
Let me explain something from a purely technical point of view ("as I do"...lol)...
It has taken YEARS for this stock to reach the point it's at now. It has taken the past 7 months of 'gradual volume + momentum increases' to underpin the emerging bull run that was ONLY CONFIRMED IN MID-OCTOBER when I correctly predicted a 50% gain from .10 to .15 over a 3-day trading period.
When the stock reached .275 last week you asked me "where to from here?". I answered "sideways at best but most likely "south" for several weeks - trading between .19 and .28".
I didn't just pick those numbers out of a hat. It can take MANY WEEKS of range trading to form a significant BUY FLAG (often it's a case of "the longer the better!").
Sorry "THREWER BACK"...but neither you nor anyone else on this board possesses the fire-power to alter the direction of this stock. There's an old adage which has been proven true since markets were first traded: "The markets 'do' what the markets 'do'...and no man shall ever persuade them otherwise.
By watching this stock up to 8 hours a day 5 days a week, you are making the same mistake as the fat person who begins a diet at 300 pounds and then weighs themselves every minute of every hour of every day of every week of every month of every year!!!!!!
Can you imagine how disheartening that would be for an obese person??? They would go insane with worry and fear each time their weight gained on an intra-day and/or intra-week basis!!!
Yet, if they simply chose to weigh in once a week at the same time each time, they would get an infinitely better insight into the progress (or lack thereof) they were making with their diet.
A few of you on here regularly refer to the technical charts relating to MZEI. These charts are daily charts in most cases. The filters, oscillators etc. applied to them i.e. MACD / Stochastics / Momentum / volume / RSI / etc. all rely on DAYS & WEEKS OF HISTORICAL DATA TO GIVE YOU THE SIGNALS YOU ARE LOOKING FOR. Not hour by hour!!!
The only logic in stock watching 8 hours a day is if you are either day-trading (and thereby looking for intra-day entry and exit points) or looking to BUY or SELL your holdings at a predetermined level.
But to sit there in front of your pc screens, willing, praying, pleading, cursing, hoping, justifying etc... has about as much impact on the share price as a 'fart has on altwering the course of a hurricane!!!'
I practice what I preach: I haven't been on this board since mid last week. I feel comfortable and assured that the stock is consolidating the way it should (i.e. on low volume during the down spikes) and will look forward to checking it out in another week's time.
Why not take a big breath, turn off your pc's for a week, get some productive work done for a change...haha...and this stock will 'do' what it's 'gonna do'... and you aint gonna influence it one iota!!!
Life is for living -- not for being emotionally crippled and bound to the intraday whims of a stock during 9what could well be) many weeks of range trading!
