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Technology Stocks : Zenith - One and Only -- Ignore unavailable to you. Want to Upgrade?

To: Terry Berg who wrote (3650)	12/15/1997 6:33:00 PM
From: Scott Lerner	Read Replies (1) \| Respond to of 6570

Reasons for continuing to short ZE: 1) Greed: 12/31 bonus for hedge fund manager, so scare buyers by offering big blocks on the sell side 2) Tax Deferral: Whomever is short has HUGE profits. They are pressuring stock until 1/1 to defer their gain. 3) Fear: The shorts are trying to "go for the jugular" right when S. Korea is in its worst shape. They hope to scare the weak hands out by offering big stock on the sell side. 4) Timing: By pressuring ZE during tax-selling season, they are forcing weak hands out to take loss and move on to "greener pastures". 5) Stupidity: Their short strategy will come back and bite them on the ass. ZE is too close to many positive developments that can create the squeezes of squeezes. They know that there is not enough buying interest right now to absorb their 6-7 million short shares so they continue to short and pressure ZE. Kind of like a drunk with a hangover taking another drink to feel better. The bottom line is, provided our fundamentals are in place, ZE has never looked better for a major technical reversal. The stock is tremendously oversold and will explode up as a combination of shorts covering and legitimate investors buy in. Sincerely, Scott