Medizone (MZEI) – New Profile Wednesday, Highest Volume and Most $$ Traded This Year
Dear Members:
Let’s review our latest profile. I think there are fundamental reasons why this stock should move upward and onward in price to new levels. Let’s first visit some of the technical indicators this week. I am going to list these and then come back to them and explain my thoughts on each.
A Technical Look:
Number one: We had the highest volume day of the year Friday (two days after profile start)
Number two: We had the highest DOLLAR VOLUME of the year… This is actually MORE important
Number three: We traded up on the highest volume of the year
Number four: We had the highest price in weeks, with only six trading days this year trading a fraction higher.
Number five: We broke through ten day resistance on Thursday, and again on Friday
Number six: After the first day of the profile, nothing had traded below .04.
It is critical that most of the trades on Friday were at some of the highest trading levels in months. When you look at this extraordinary volume, it comes on relative highs of .048. So even when you compare some of the higher volumes of first quarter, you will note that we not only traded twice the number of shares but four times or greater the dollar volume.
Dollar volume is the key. That means more people are putting their money into MZEI than at any time this year.
All of these indicators show that we are breaking out. No break-out is perfect. May 6th the stock had some similar characteristics.
Let’s look at the fundamental news:
MAY 6:
JUNE 3:
Medizone Announces a Second Round of Trials Have Begun
One of the shareholders did a recent post on Raging Bull:
http://ragingbull.quote.com/mboard/boards.cgi?board=MZEI&read=31209
Let me quote: (from: By: LordFauntleroy / user on Raging Bull)
Circa seven years ago MZEI sold as high as $.73 per share based on some aging patents and hope that a large financing would come through. Volume hit $1,000,000 on each of three days and was well above that on another day.
Today volume was circa $42,000 with an average price of $.045 per share. The Company now has vastly more substance, new patents about to be filed, and apparently adequate financing.
Knowing the past lets us see the extraordinary potential of an investment in MZEI. THIS TRAIN IS BOUND FOR GLORY! (END QUOTE)
Undervalued – Period
The company has so much going on. These trials are truly extraordinary. I cannot just arbitrarily “put a value on the stock.” I can say this, I do think the market is starting to wake up. Once it does wake up and see the success the company is having, there will be a lot more people like the poster on Raging Bull quoted above.
I would love to hear what you think. On the site you can reply at the bottom of this page.
Or email me… john@stockguru.com
Thank you!
John Pentony
Publisher, StockGuru.com
