Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Autumn Henry who wrote (2267)	12/29/1996 9:27:00 PM
From: Craig Schilling	of 18263

Lyle & Autumn I may be wrong on this but aren't you confusing the issue with why the stock is going up. It's not because there are good fundementals or some break through technology that will lead to a paradigm shift. It's because momentum players have moved in during a low volume market and short covering is pushing the stock up. Right now the shorts are moving the price up because people are placing 100 share orders at market scaring the shorts out. This is not investing but rather gambling instead. Vegas lets us place large bets because they know in the long run the odds are in their favor, so they wait as people confuse luck with success. We have reached a point where most common sense folks will not pay over $60 for this stock. So who will, those that have huge gains and want the gambling to continue and the MM's. I feel the news is in the stock and it will correct after Monday morning only time will tell what reality has in store for us all. Craig

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