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


To: Michael who wrote (13198)12/5/1997 2:32:00 AM
From: Rubber Man  Respond to of 18263
 
So I kept telling myself =)

I envy you, you must be making a killing on Zitel. Me, I'm just learning the ropes of trading and hope maybe one day to get myself a nice McLaren F1 with money to spare. So far, after a year of paper trade and research on companies like Zitel, I've come to the conclusion that nothing is as good as experience.

On another note - I have a simple qbasic program that'll help you time when to short for the most profit (how many 1/8s to wait before shorting again). It's rather crude but it works. And if you're like me looking to short Zitel to 5 or 0, it's quite a dandy thing to have. The program of course, don't account for volatility (i.e. upticks) but once you're short and you meet the margin requirements, you can always buy it back and wait for a higher price to short it again.

Anyone who want the latest copy of the program can simply email me (and yes, my email address is the correct one). Like I said, it's a rather unfinished program and you should know qbasic before trying it out (and of course, have qb on your computer).



To: Michael who wrote (13198)12/5/1997 8:31:00 AM
From: sheldon spivak  Read Replies (1) | Respond to of 18263
 
Michael,
At what price do you expect to cover?
I also have a large short position, that I will not cover yet because I think it's heading to mid single digits, 5 to 7. Also, I will not cover this year for tax reasons.