Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Allan F who wrote (13146)	12/1/1997 10:40:00 PM
From: Roger A. Babb	Respond to of 18263

Allan, I was convinced that the bull market was still alive by its ability to ignore bad news. Also good reports on Christmas sales, potential for decline in oil prices, no obvious new shocks in view. Big inflow into funds. With January only a month away, investors want to delay profit taking until 1998 so selling pressure is eased on stocks which are up for the year, but shorts will take their losses. But there is incentive for tax loss selling in the few stocks which are down. And Zitel is at the top of that list. I look for selling pressure by longs taking tax losses to push Zitel below $10 even as the market makes new highs.