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Technology Stocks : Zitel-ZITL What's Happening
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To: Steven M. Kaplan who wrote (1254)11/29/1996 5:16:00 AM
From: Terry Blount   of 18263
 
I would have to research the companies I mentioned to answer your question about what they do... but that isn't necessary... Your point seems to be that "curing" the y2000 problem is more important than food, energy, banking, transportation, health care ...etc. If companies who are adressing those needs aren't growing 200% per month then there is no reason for ZITL to either. The only reason ANY company's stock goes up so fast is: a. they were bought out and an offer was made that was higher than the current price of the stock or B: SPECULATION. Is anyone offering $50 /sh to buy out Zitl ?

If not, the only reason ZITL could have grown so fast is "B". What ALWAYS happens (100% of the time) when speculators finish with one stock and move on to the next? Unless you figure out the answer to this fundamental question you'll never undrestand why ZITL stock will be trading for $10 /sh in a few months.
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