Get a load of this and tell me why the stock took a hit !

[oldboldpilot]

WASHINGTON (Dow Jones)--Zoltek Cos. (ZOLT) disclosed Thursday that it swung to net income for the first quarter ended Dec. 31, 2005, of $6.3 million, or 4 cents a share, from a net loss of $30 million, or $1.82 a share, in the prior-year quarter.

The company said in a filing with the Securities and Exchange Commission that its first-quarter net sales rose to $16.7 million, from $12.2 million, in the comparable quarter.

According to Zoltek Cos., its first-quarter sales of carbon fiber rose 52% to $10.8 million from $7.1 million in the prior-year quarter.

Zoltek Cos. makes carbon fibers that strengthen and lighten materials.

Now I may be wrong but it seems to me that this would call for the stock
to swing upwards ......... at least a little. Granted, it has been on a two
month ride and is due for a pause. Instead, it took a ride down and
ended up almost a buck lower. Sometimes there is no rhyme or reason for
a stock's action on any given day.

[optimus25]

Everything sounds good. But you can't argue when a big institutional investor or fund company decides to dump the shares to realize a gain. It doesn't matter how strong the company is, its gonna be taken down.

[stockbroker]

Too much of a run. The party is over IMO. This is the point where people pull out.

http://www.cramersmadmoney.com/images/uploads/79fd683029.gif

[oldboldpilot]

Well, I'm not sure about that one. What about other stocks that have had
a run such as........RACK. The run has been a lot more sustained than
Zoltec's. When you say this is the point where folks bail.....what is the
reasoning behind dumping the stock at this point ?

[mlegha1]

ZOLT is overvalued compared to its Price of $15.99 per share.

[optimus25]

Looked overbought to me. When you don't have anymore buyers, and jittery share holders w/ some nice gains, you see a recipe for some downside home cooking. The chart don't lie.

[oldboldpilot]

Stock has recovered and is @ $16.33 midday today. Anyone who opined that
it was waaaaaay overvalued care to comment ??

[Zsuzsa]

I try to keep my mind clear and not get caught up in the hype, sometimes these things are just so unpredictable for me as a novice, or even for a professional, which imo makes investments and all the strategies and knowledge that go along with it that much more fun!