Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (3987)	7/14/1997 2:08:00 PM
From: Maywood	of 9285

Roger (or anyone), How confident are you that Zitel will go down significantly around Aug 20? (I will freely admit to any longs lurking here that) I shorted at 19 5/8 and am still holding out, but don't particularly care to see it go much higher! The Y2K segment keeps going up; will people ever see that Zitel is not (as of yet) a successful part of it? Is that what's really driving the latest upswing (or rumors of contracts), or does anyone believe that Zitel or another group may be working with the Cayman investors to raise the price up so they can short? By the way, has anyone else noticed the pattern DDIM has been in the last three weeks? It will take 2-4 days going in one direction, then reverse. Since June 23 it has made the round trip 3 times. Top seems to be 24.8 - 25.7, bottom is 21.6 - 23.3. I jumped in Friday (shorted at 25 9/16) and have made just a small profit so far (about a point.) I have placed to stop loss market order to cover if it goes back to what I shorted it for, and another order to cover if it goes down to 22.5.) (I wish my broker, Datek, had a feature to cancel an order if another order executes.) Maywood

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