Zanett Inc (fka ZANE)

[zigzagman]

Here's a blog post I just made...

About ZANE's huge move to the upside today...

http://day-trading-the-stock-market.blogspot.com/2010/03/zane-zanett-inc-releases-press-release.html

It's mostly very bullish, but pay attention to the last few paragraphs...

I don't believe today's move had anything to do with Shorts Covering...It only had .53% of the Float that was Short...



I think today's action may have been related to yesterday's PR:

Zanett, Inc. Expects to Receive Delisting Notice; Prepares to File Appeal; No Delisting Action To Be Taken by Nasdaq Until Final Decision by Appeal Panel; 60 More Days Expected Before Final Appeal Decision Issued

http://finance.yahoo.com/news/Zanett-Inc-Expects-to-Receive-prnews-3282971503.html?x=0&.v=1

Maybe they found a "friend" that was willing to invest in a BIG way to help them keep from being de-listed from the Nasdaq...

GLTA,
zigzagman