Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Jin Chun who wrote (2063)	12/26/1996 10:36:00 PM
From: Roger A. Babb	of 18263

Jin, the difference between the ZITL longs and shorts is that the shorts read the 10k............... However, don't short more than you can defend in a squeeze, we haven't turned down yet and may go higher. But if you wait until the downturn to short you may miss it. When it breaks it could lose 50% in a day. I can predict that it will crash but I can't predict when it will crash or how much higher it will go beforehand. As engineer types, you and I both know there will never be earnings of the magnitude necessary to support this price from hacking old COBOL code. But that doesn't prevent the hype from driving the price even higher, its like a pyramid, keeps going so long as there is new money. Short it now but hold back some cash to defend your position and short more if it goes higher. You can be right long term but still lose your shirt in the near term if your position is larger than you can defend. Its like firing a gun straight up, you know the bullet will come back down but its still not a good idea to be in front of the gun. And as a short you can expect insults from the "true believers" on this thread, not much logic to be found here. Roger

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