Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Mondoman who wrote (2085)	12/27/1996 4:55:00 PM
From: Warren Gates	of 18263

Mondoman ... I hope you got a few more shares to short today ... I looked far and wide but couldn't .... it looks like all the buying today is finally going to burst this hot-air baloon .... Without even knowing what it does, Zitel's chart is as hyper-extended as I've seen in the charts of IOMG, DNA, PRST, ANCR, OCCF ... and the longs have not been cooperative enough to let a little air out ... from the 20 day MA standpoint, this is as overbought as any stock I've seen ... I think that by next week, we'll start seeing some decent volume again in the regular Nasdaq flyers so the traders that flocked to Zitel will probably rush to take some profits out of the table ... if it get's overdone, it could be ugly for Zitel, then you'll have your day ... wish I could join you but can't find any stocks to short... i think i'll buy some puts instead May you have the last laugh .

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