Bill Wexler's Profits of DOOM Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bill Wexler's Profits of DOOM

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Wexler who wrote (766)	4/29/1998 7:58:00 PM
From: Bill Wexler	Read Replies (1) of 4634

Recommend covering Zitel between 8 and 9 Today I covered all of my Zitel short position between 8 7/16 and 8 7/8. It was first recommended on this thread at 12 and I've been personally shorting it since it was 50+. Even though it is crystal clear that this stock is not worth 8 cents, much less $8...there are a few things that are worrisome: 1) Zitel has rocketed back from the dead many times in the past. 2) Management is making motions like it wants to remain in business - even though it would probably be wiser to go bankrupt. 3) Zitel has a long history of fraudulently promoting its stock through a network of shills (Emerald research, David Stewart). 4) The very large short position may make this a beach ball for some time. 5) I was surprised that the stock did not go down today - the day after earnings - even with negative commentary in the Motley fool. 6) Too much attention from SOES traders. 7) A rabid cult following. 8) Too much option speculation at strikes between 7.5 and 12.5. If the stock now tanks - c'est la vie...however, if the stock returns to the double digits - I will probably reshort.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next