Misleading Zaio Press Release?

[dobie]

I did not realize as stated in this Zaio press release that the Cuomo/Fannie-Freddie pact was a done deal until I read this.

http://biz.yahoo.com/cnw/080617/zaio_chosen_by_broker.html?.v=1

 

[Dennis J. Black ASA IFAS]

It pushed the stock through the roof!!!!

 

[Mike Garrett RAA]

I don't think so....currently .94 no trading activity. 52 week high 2.14...steady down trend.

 

[brokerboy]

Through the roof?

How is it possible to puch the stock through the roof when the new was released after the market closed for trading?

 

[xmusienb]

"a national online mortgage broker"

'Nuf said.

 

[Pittsburgh Pete]

How is it possible to puch the stock through the roof when the new was released after the market closed for trading?

It's called a reflex reaction!

 

[Dennis J. Black ASA IFAS]

I was being sarcastic. As Mike pointed out this company's market value has been tanking for awhile.

 

[Mr Rex]

"a national online mortgage broker"

'Nuf said.

Yeah, I noticed that too. Are their supposed clients so ashamed of their association with Z that they don't want to be named or is it another acquisition with zone buyers money to prop up there press release numbers of increasing revenues?:new_smile-l:

 

[444nutman]

Zaio's unique process and its national network of more than 10,000 local expert appraisers ensure that the independence of appraisers is protected, consistent with the main focus of the new policies.

My favorite part of the article.