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Technology Stocks : Zapata (ZAP)
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To: mr.mark who wrote (1182)6/15/1999 8:34:00 PM
From: J.Y. Wang  Read Replies (1) of 1206
 
No. I wouldn't do that. :-)

I don't have a position in ZAP right now. I have played it five times both long and short and am up.

The last time I was stupid and went long because the site was supposedly coming out. I ate a small loss and am glad I covered when I did.

In my opinion, due to what has happening recently, the days when companies like ZAP can expect an appreciation in stock price from launching a web site are over. The longs are too cynical, have been burned too often, and are hesitant to play that game anymore. The shorts are increasing in numbers and short the crap out of anything that spikes.
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