Zapata (ZAP) Message Board

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Technology Stocks : Zapata (ZAP)

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To: Ken M who wrote (405)	7/23/1998 1:29:00 AM
From: DanZ	Read Replies (3) of 1206

Terminology check...a dead cat bounce (fish in your case) is normally associated with a stock that has had a big move down and is trading near a 52 week low. ZAP does not fit that profile. It is simply in a trading range and has now corrected to an area that I consider closer to the bottom of the trading range than the top. By the way, there is a gap on the daily chart between 17 3/4 and 18 5/8. The stock had an opportunity to fill it today but didn't even get into the gap area. This is a bullish signal. Will it fill the gap? Maybe. Is it going to $10? Highly unlikely. I have to ask...Why do you think "tomorrow will not be kind to ZAP"?

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