Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Risky Business who wrote (831)	11/14/1996 8:27:00 PM
From: Mondoman	of 18263

Hoooweee!!! Wow - I guess I'm red in the face huh?? I wasn't watching the market until near the close. Have to admit - I was surprised by the movement in Zitel. I started thinking about all the oodles of money I'm losing. Boy do I feel stupid!! So I shorted more today. By the way, while you boys are playing craps with this stock, there's a little bit more advice I want to offer - because I'm damn near certain all of you will disappear from here after this stock collapses. Over the long run, a consistent strategy based on value investing (short or long) will always work far better than day trading. Don't worry though - I've run across bigger idiots. In 1991 I was involved in heated arguments with several people who thought I was insane because I went long on Microsoft and short on Borland (Microsoft is too high!!!! Borland has better technology!!!!!) ZITL = crap, DDIM = crap, VIAS = crap. Fundamentally, nothing has happened to change my opinion of these stocks. If you're profiting from the runup in Zitel, good for you. Enjoy it while it lasts. Short sale recommendations: Stock Current Price Originally Recommended Original Price ----- ------------- ---------------------- -------------- VIAS 49.875 10/24/96 51.00 DDIM 29.00 10/23/96 32.25 ZITL 49.50 10/23/96 37.25 Since I believe in following my own advice: Size of my positions: DDIM - shorted 2000 shares on 10/23/96 at 32.25 ZITL - shorted 3500 shares on 10/23/96 at 37.25 ZITL - shorted 400 shares on 10/24/96 at 38.75 VIAS - shorted 800 shares on 10/24/96 at 51.00 VIAS - shorted 100 shares on 10/25/96 at 50.00 ZITL - shorted 200 shares on 10/28/96 at 38.25 ZITL - shorted 400 shares on 10/29/96 at 38.75 VIAS - shorted 200 shares on 10/29/96 at 50.00 ZITL - shorted 300 shares on 11/04/96 at 37.625 ZITL - shorted 300 shares on 11/08/96 at 38.00 ZITL - shorted 700 shares on 11/08/96 at 37.50 DDIM - shorted 200 shares on 11/08/96 at 30.25 ZITL - shorted 500 shares on 11/11/96 at 38.125 VIAS - shorted 200 shares on 11/11/96 at 45.75 VIAS - shorted 200 shares on 11/13/96 at 50.25 ZITL - shorted 1800 shares on 11/14/96 at 49.00

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