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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (6315)10/30/1997 5:16:00 PM
From: S K  Read Replies (1) | Respond to of 9285
 
From Briefing.com(Zitel)

Zitel Corp (ZITL) 16 5/8 -3/4: "Year 2000" play says disappointed in slow emergence of the Y2K market. As a result, plans to cut costs in an attempt to keep spending in line with revenue growth. Company also reported a fiscal 4th qtr loss of $0.46 a share, reversing a yr-ago profit of $0.02. The $7.05 mln loss included a $1.57 mln, or $0.10 a share charge, related to the discount associated with the Convertible Subordinated Debentures issued in the 3rd qtr....



To: Roger A. Babb who wrote (6315)10/30/1997 5:58:00 PM
From: Russian Bear  Respond to of 9285
 
Roger,

What do you think about the Zitel report? How low will it go?? When do we see $5?

Thanks,
RB



To: Roger A. Babb who wrote (6315)10/30/1997 6:15:00 PM
From: WTT2  Respond to of 9285
 
Roger, what do think of ADPT as a short. Substatial Insider selling in the month of September and October. They Depend on 56% of there earnings on overseas sales. They just announced 3Q earnings which they beat but the stock did not receive much of a boost. IBD has its Accumulation/Distribution at a C its relative strength 75. This Sector is weak at this time and it's not far off from 52 week high of 54.00. I believe the market sentiment for this stock is poor. Any thoughts?

Thanks