Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Franco Battista who wrote (7553)	11/26/1997 1:55:00 PM
From: Roger A. Babb	Read Replies (6) of 9285

Franco, given the news that the Zitel CEO is dumping shares, I have concluded that there are no contracts on the horizon and increased my short position for the final leg down to $5. If Jack King had any hope of the stock price going up or even holding steady, he would have waited until January to dump so as to defer his tax liability for another year as he had big profits in those shares.

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