JANUARY 1997/BEST OPTION PURCHASE Message Board

STOCKTALK

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Strategies & Market Trends : JANUARY 1997/BEST OPTION PURCHASE

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To: wiley murray who wrote ()	12/26/1996 5:58:00 PM
From: Brian Hornby	of 84

Zitel put options are tempting, say Jan 50 puts. The stock is going exponential with a mammoth short squeeze, these sort of rises always give rise to a like decline. The question is when <g>. With a stock like Zitel, puts may possibly be prefered to shorting, to limit losses and get more sleep at night etc. Also I believe shares to borrow are hard to get right now for Zitel. I DON'T believe it is a short or put candidate today,though I believe it will be soon . Look for a strong intra-day reversal after the next squeeze, and that could be it. I personally would look at Candlesticks with these sort of plays, though I am not a Technical Analyst I have found candlesticks to be quite useful for entry into short term plays. Brian

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