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Technology Stocks : Zitel-ZITL What's Happening

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To: paul goldstein who wrote (94)10/16/1996 3:26:00 AM
From: Stanley L Brown   of 18263
 
Paul
I hope you are right, I only took half of my position off the table.
Mind you, I had committed to selling however my complete order did
not fill, So we go into the morning bell still holding a few. I have
cancelled my sell order on the other half (aprox). I hope you are
right for you own personal benefit plus I wont cry if it continues
up. I am still a novice at this, but for the past 7 months I have
been glued to this BMI system I have trying to make a few dollars here
and there. Granted my experince is extremly limited, but for what
reading I have done so far, and little I have seen, plus pick up in
conversations here and there, it is my understanding that very few
can do what Zitel is doing and maintain it. Yes as for you comment
about selling it at any time, well I use Etrade (Am about thoughly
disgusted with the service, frequent problems, and God forbid they
have even made mistakes in my account. (you ask why am I still here
in all fairness they are better than they were 7 months ago, and its
hard to beat a 19.95 limit order of 5000)enough rambling) and yes
as long as the bad boy is going up and you are selling orders seem to
move pretty smoothly, but let the buying side be the bid and for some
unexplained reason a limit order will rarely hit even when placed
.50 - 1.00 below bid. And a market order seems to never exe till the
stock has bottomed out. There again based on my limited experinces
with rapidly dropping stocks and etrade, I have experinced a couple
that left a bad taste in my mouth. I am learning how to try and
protect a postions profit with a stop order, Hell even that wont work
with the likes of a SEXI stock (BB)and you are talking calls I havent the slightest idea how they work, isnt that like selling short but not
as risky? I realize I have a lot to learn and would like to be able
to afford to stay around for awhile, granted I am still a little gun
shy, but when your sitting on the cannon when it goes off your ears
ring for a while! I appreciate you peoples discusions and try to pick
up and retain a thing or two along the way, Plus sometimes its down
right funny what some people say. You or someone earlier mentioned
not everyones intentions are above board reader beware, as you
mentioned you can sometimes guess pretty acurately whether they are
long or short. I just want to know which to be long or short at the
right time on each stock, is that asking to much? OK how about 85% of
the time. Any way I have rambled till I lost the train of thought I
orginally started this post for. If it comes back to me I write again

Stan
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