Jack King sez he actually INCREASED his holdings in ZITL:
biz.yahoo.com
BTW, this quote is from my post on the morning of November 6, when ZITL was at 14 1/2:
"Just for fun, I continued the trend line down into the future. If the trend holds, Zitel should close below 14 on Nov 10, below 13 on Nov 13, below 12 on Nov 18, below 11 on Nov 23, and below 10 by Thansgiving."
ZITL closed below 14 on Nov 6, below 13 on Nov 10, below 12 on Nov 24, below 11 on Nov 25, and is darn close to 10 by Thanksgiving.
If only I had enough faith in my predictions! I covered at 12 1/2 and 12 7/8, and on Monday I day-traded a large (for me) short position from 12 1/16 to 11 1/4. Too bad I didn't hold out for single digits. Congrats to all the shorts who kept the faith.
Obviously, Zitel, through today's press release, is trying to stop the plummet, and it might just work in the short term. Do I hear a dead cat meowing?
John |
