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Strategies & Market Trends : Shorts waiting to happen
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To: Terry Audette who wrote (687)9/27/1996 3:29:00 PM
From: Peter Shaw   of 852
 
Terry,
Covered my puts today for a quick 25%. Still think there's more downside but why get gready. Used the proceeds to short ZLG. I think we'll retest the lows around 16 (19 1/8 right now). Company has runup with the group and on internet box news. I don't think the initial box will do much for earnings in the next few months, and they pre announced a poor quarter. Should get downside pressure going into earnings.

Cheers,

Peter Shaw
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