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Technology Stocks : Zitel-ZITL What's Happening

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To: Autumn Henry who wrote (2155)12/27/1996 10:01:00 PM
From: Mondoman   of 18263
 
Yup, shorted Xylan on two occassions.

Both times I did well, getting in when the stock was trading between the low 50's and the low 60's. Covered a bit too early...damn...but the stock tumbled much faster than I expected, so I sold naked calls to "enhance" the position. I tried to short more on the way down, but I would go the full day with a market order outstanding and not an uptick in sight.

Keep watching that one, I'll start sniffing at it again if it trades above 55 after next earnings report.
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