LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (8065)	2/8/1999 6:09:00 PM
From: Bootz	Read Replies (1) of 43080

LastShadow, Thanks for your feedback re ZAP, summarized below: The best count I could make was that the sellers outnumbered the buyers by about 17:1, so its really probably not a good time to enter... But to paraphrase Tina Turner, what's logic got to do with it? With Internet stocks in general and ZAP in particular? I notice that we are both long in GMGC. Had a good news release today and could still barely maintain a "rally." Illogic, isn't? What was their ratio of sellers to buyers? The question is, will ZAP pop when its new portal page is announced? I think it will, hence my post. Is it likely that it will go down on news of the announcement? I don't think so. So my point was: get in ZAP before it bounces, not after. What anyone does after that is up to the individual. Isn't the mantra buy on rumor and sell on news? Well, now you know the rumor re ZAP. And the news is shortly to follow. Bootz

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