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To: Sonny McWilliams who wrote (15499)1/2/1998 5:01:00 PM
From: Captain Jack  Read Replies (1) | Respond to of 27012
 
Sonny---Zitel was extremely good to me in 96. Did little with it in 97. It dropped into a buy range 9 1/2 on Wed and I added today. It will not take much to give it a good push,,,, or fall. The Z monster is a gambleing monster.

IMRS dropped a little over 4 today (thank you) and recouped most (again - thank you). I have hopes for it in the short term. Fundamentals are good--- the TA is probably not so good.

I bought ACLY at the 1st sign of a dip. It went lower but did not quite get back to my entry. Again I have hopes for the short term.

Both ACLY and IMRS should do well over 98 and at least through 6-99. I think these two will have more cash than they can count.

Every news station has been harping the Y2K problem since Wed. It is a known problem. Now the complexity and severity is being brought to attention. Soon customers and shareholders will be asking if the company is compliant. Soon suppliers will be asking their customers. The SEC is requiring a ton of companies to comply. There is only so much that can be completed by the cream of the crop.... and Zitel will get some of the left overs,,, unless they have some govt contracts tied up or close to it.... I see only the Y2K sector as a flyer all year... dips yes but flying... volatile, yes but flying... The sector has been very good so far over the last 2 years...

John