What a wild swinging day today (but knew this would occur at stages for this particular investment vehicle prior to investment, hence had strapped in for the ride, which I hope will have a higher altitude at final destination).
Mr. Market's new buyers got excited on the announcement (which did include unexpected positive information); early investors and day/short term traders (majority not on this HC forum taking cash off table from early entries and/or trade positions, especially after possibly waiting for a third but lucky spike in recent times)...seems earlier investors the majority influencing SP swing down, some who may have tried out the not yet polished app where such investors may have had more unrealistic expectations.
Positive takeaway for long-term investors/holders: Ziptel Management, who may, at least to some extent, be surprised if the SP closes lower than open, will more than likely investigate reasons (with the product) for investor sell offs and provide quicker updates; as well as possibly bring forward or up the marketing and really get into delivering some more 'surprising' cash flow to provide further unexpected positive cash flow announcements in the future.
Didn't expect such swings in both directions. But hey, this is the technology sector with a fledgling company attempting to fly.
