Zitel-ZITL What's Happening 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.

Technology Stocks : Zitel-ZITL What's Happening

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JB Wings who wrote (1952)	12/25/1996 9:27:00 PM
From: Mondoman	of 18263

Jade - you certainly made an ass out of me - but do me a favor... Stick around for the next year or so. I've been reading a few of the posts on this thread with great interest. Much of the speculation regarding Zitel has gone beyond the silly into the realm of science fiction. I started shorting Zitel in late October. I have said from the beginning and continue to say that earnings will eventually speak for themselves. There is no way on Earth I can pick a top for this stock, neither can anyone else on this thread (or Warren Buffet for that matter). The best I can do is try to determine when a stock has been battered to a point where it has become a great value or when a stock has become dangerously overpriced relative to its current financial condition and (realistic) growth potential. In my opinion, Zitel is worth about 4 to 5 a share - i.e. it's a piece of crap. The market disagrees strongly with me - for now, but it doesn't change my opinion that's it's still a piece of crap. You sarcastically refer to me as a "brilliant investor" because the price of the stock has been moving against me in the space of a whole 2 months. Let's see, when I was 18 years old I began buying stocks with an initial investment of $750. I now manage an account worth approximately $8 million. I would be happy to compare portfolios if you're in the bay area any time soon. Somehow, I get the feeling that I'll be picking up the check for lunch - out of sympathy. I have yet to see one intelligent post explaining just how Zitel's $3 million investment in Matridigm changes the formerly lousy business model into a veritable cash waterfall in the space of 2 years. Want to impress me? Then show me how this is possible - and I don't mean rehashing the speculative nonsense from Stewart et. al. Short term price swings don't impress/panic me. That's why most so-called "investors" beat their heads against a wall trying to figure out why they haven't made any money in the stock market. They buy a good stock, then dump it 3 months later when the price declines 50% even though the long-term prospects for the underlying business are still good. I don't intend to cover my short in Zitel until the market price reflects its true value. It may happen tomorrow - it may happen in 3 years. If I'm wrong (and I doubt that I am) about Zitel's earnings prospects - I'm still certain I'll be able to unwind my position with little or no damage, now that the price has been bid up beyond any hope of the company meeting these expectations. By the way - if I were you I would refrain from the ad hominem attacks. You sound petulant, childish, and you can't write worth a damn. Warmest regards, mondoman P.S. Short sale recommendations: Stock Current Price Originally Recommended Original Price ----- ------------- ---------------------- -------------- VIAS 52.25 10/24/96 51.00 DDIM 33.50 10/23/96 32.25 ZITL 47.50 10/23/96 18.60 (split adjusted) Since I believe in following my own advice: Size of my positions: ZITL - shorted 7000 shares on 10/23/96 at 18.625 ZITL - shorted 800 shares on 10/24/96 at 19.375 ZITL - shorted 400 shares on 10/28/96 at 19.125 ZITL - shorted 800 shares on 10/29/96 at 19.875 ZITL - shorted 600 shares on 11/04/96 at 18.82 ZITL - shorted 600 shares on 11/08/96 at 19.00 ZITL - shorted 1400 shares on 11/08/96 at 18.75 ZITL - shorted 1000 shares on 11/11/96 at 19.05 ZITL - shorted 3600 shares on 11/14/96 at 24.50 ZITL - shorted 600 shares on 11/15/96 at 27.375 ZITL - shorted 200 shares on 11/15/96 at 22.25 ZITL - shorted 1800 shares on 12/10/96 at 30.50 ZITL - shorted 800 shares on 12/19/96 at 34.75 ZITL - shorted 3000 shares on 12/20/96 at 37.50 ZITL - shorted 2500 shares on 12/24/96 at 49.375 ZITL - shorted 5500 shares on 12/24/96 at 48.75 VIAS - shorted 800 shares on 10/24/96 at 51.00 VIAS - shorted 100 shares on 10/25/96 at 50.00 VIAS - shorted 200 shares on 10/29/96 at 50.00 VIAS - shorted 200 shares on 11/11/96 at 45.75 VIAS - shorted 200 shares on 11/13/96 at 50.25 VIAS - shorted 500 shares on 11/15/96 at 46.00 VIAS - shorted 300 shares on 11/15/96 at 45.25 VIAS - shorted 200 shares on 11/15/96 at 42.75 VIAS - shorted 1000 shares on 12/18/96 at 51.25 DDIM - shorted 2000 shares on 10/23/96 at 32.25 DDIM - shorted 200 shares on 11/08/96 at 30.25 DDIM - shorted 500 shares on 11/15/96 at 27.125 DDIM - shorted 1300 shares on 12/10/96 at 31.25 DDIM - shorted 500 shares on 12/18/96 at 33.25

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next