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Strategies & Market Trends : JANUARY 1997/BEST OPTION PURCHASE

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To: wiley murray who wrote (39)12/27/1996 7:58:00 PM
From: Brian Hornby   of 84
 
Wiley I WAS short term bullish, but now short term bearish. I feel some selling well emerge the next few days, and tech stocks in particular don't look very healthy IMO.

ZITEL is a "year 2000" play, lots of discussion elsewhere on this. Huge short position, and most of the recent action is likeley fueled by the squeeze. Up 9 dollars today - I am going to wait until "the horse has come into the stable" before I short this baby, I shorted Netscape on the way up (ouch) and I learned my lesson with that one...

Brian
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