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

To: Rubber Man who wrote (9159)	12/31/1997 1:43:00 AM
From: Michael	Read Replies (1) \| Respond to of 9285

My Friend, Rubber Man: That looks like my shorting of Zitel. The last upswing for Zitel was almost disasterous. Almost was at 30 % equity. Now I am at over 200% equity. It is better to be safe than sorry. Your Friend, Michael

To: Rubber Man who wrote (9159)	12/31/1997 11:39:00 AM
From: craig crawford	Respond to of 9285

<< From the original $10000 ($20000 with margin), 333 shares were shorted. In the end, when the stock is at $10, you have over 9783 shares shorted whose value is worth approximately $89,000! That's almost a 900% return. The thing is, with such a large investment any upswings in price can be disasterous. >> I knew I could count on some brilliant mind like yours to figure it out. Like the guys on CNBC say, "You should build bridges." I agree that in theory you could generate several hundred percent but probably not in practice. It was an interesting foray nonetheless. Now back to regulary scheduled programming. Good short picks.