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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Pancho Villa who wrote (8208)12/12/1997 3:20:00 AM
From: Bill Wexler  Read Replies (1) of 9285
 
<<I thought you never intended any differently.>>

Actually, I struggle every day with the temptation to cover. it is extremely annoying watching the stock fly back up on a squeeze or some hype and then kicking yourself for not covering and reshorting.

If only I had a crystal ball.

However, I am reasonably confident that I can sit on TRBO, ZITL, and ZONA forever. Note that ZITL and ZONA are very, very easy to borrow. This is a great sign for stocks with high short positions. ZITL can not put another rally together...it weezed from 11 to 12 and back again. ZONA is being dumped by the truckful...big swoops down on high volume, then teeny bounces which get smaller and smaller. TRBO was always hard to borrow, but that's because it only has one or two market makers. It is still squeezable, but the volume tells me that future squeezes past the low teens are extremely unlikely.
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