Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: dppl who wrote (566)	11/2/1996 6:21:00 PM
From: Terry Blount	of 18263

You said ZITl is a 50-50 call technically... I would really appreciate you passing along any info that you used to come to this conclusion. I never took any classes in technal analysis, but I've studied historical data and analyzed EVERY stock that went up quickly over the past 2 years... and I can't find any evidence to support ZITL maintaining it's current level. I find that at least 90% of all stocks that have the kind of price increase/time period ratio that ZITL has had ...go down and give back a average of about 1/3 of their big gains... in a very short time. Zitl might be stock that is the 1 out of 9 that goes up fast and doesn't look back... but 50-50 ..I just don't think that's right? Perhaps my judgement is impared since I shorting it... but if it has a 50-50 chance of going higher and holding I would like to know so I can cover immediately! Thanks

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