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Technology Stocks : Zitel-ZITL What's Happening

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To: BonniesGuy who wrote (11983)10/27/1997 4:11:00 PM
From: John Kratus  Read Replies (2) of 18263
 
BGuy, the point here is to make money. The company Zitel is not the same as the stock ZITL. I believe that Zitel (the company) will be bankrupt in 2001, but that doesn't mean that I think that ZITL (the stock) will head in a straight line to zero. The market is inefficient, which is how any of us can beat it occasionally. Buy-and-hold isn't the world's best shorting strategy, even with little ZITL.

Having said that, boy am I sorry that I closed my ZITL short at 17 7/8!

God, I am glad I'm short a ton of AOL. And God save me from my long position in IOM!

John

Is it my imagination, or did ZITL show some support this afternoon at 15 1/2?
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