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Technology Stocks : Zapata (ZAP)

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To: DoggieDude who wrote (102)7/11/1998 2:48:00 AM
From: RJC2006  Read Replies (1) of 1206
 
<<Well, after reading a bunch of optimistic posts from all you longs I feel a bit better now. I'm one of those lucky few people that bought in at 24. @#%^*^%!!! So any ideas about what the timeframe is going to be before Zap rallies again?>>

I realize that you posted this to bullrider but I thought I might generate some opinions on this. What caused Zap to rally to 24? It was the Internet news ergo it will be continued Internet news that will decide its rise or fall. Should they report success in their Inet business then it's most likely going up. Should they report sterling success in their internet business then it's most likely gong to break 24 rather easily. Track Yahoo with this stock. You'll notice that they track relatively close to one another in terms of percentage increase or decrease. So what if Yahoo completely dumps out? Well either Zap dumps too or traders may decide to spy a new Inet target. However, Yahoo does have some things working against it. Even with a 2/1 stock split it is awfully hard to justify their multiple and I wouldn't doubt that it will cool off. Nevertheless at some point the numbers will do the talking and I believe that Zap can prevail in this regard.
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