Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Andrew Hui who wrote (795)	11/13/1996 12:42:00 PM
From: Warren Gates	of 18263

Andrew, if you check the trades in Zitel, most of them are in 1000 lots ... this suggests that regardless of all the bullshit in these thread, you have to think as a trader ... therefore, you would want as much volatility as possible, to milk the cow for eternity ... I think the stock will either: 1. touch 44 and be turned back and close in the 41-42 range to signal traders to let the profits out 2. break 44 then gap up ... we might see a blowoff top at 50 ... then the party begins for the shorts ANDREW & THOMAS, please check the technical picture of this stock SNDCF and post in that thread ... this stock is in a long basing period, is at 16 now ... and may break out at 18 Another thing to consider is how many longs will sell on Monday, after their covered calls expire ... so that they can buy it again at a much lower price and sell covered calls again ...

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