You would have to live on the moon not to see and be impressed by Zanett, Inc. (ZANE)

A $0.31 cent stock YESTERDAY, ZANE issued some great news about landing a huge number of new contracts (Read it here) and it took off.  It reached a HIGH of $2.50 before closing at $2.09. That is impressive by any measure.

The caution here is this is a company whose average daily volume was 16K shares and it has traded 7.9MM shares today!…on a public float of only 3.3MM shares.

Here is the chart:

Wow and Wow! This ship will crash to Earth at some point, but not yet.  Anybody doing a Tim Sykes and shorting the stock today is in a world of hurt.  Watch the trailing indicators (MACD, RSI and Stochastics) to see when the right time to short is.  Be careful, this could be a multi-day runner.  The first day of something THIS BIG with real news and HUGE investor interest could mean that this hangs around here…or even advances.

ZANE has made some people fortunes today.  Let’s see if we can make a fortune on the way down, too.

Good luck and good trading,

Jeffrey Dean

Editor