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

To: Deep Digm who wrote (13795)1/23/1998 5:36:00 AM
From: Bill Wexler  Read Replies (1) | Respond to of 18263
 
<<The company's in trouble, we haven't confirmed the product, and even though I'm long on this stock I know this is a crap shoot.ÿ I could just as well be in Vegas "shakin them bones" trying to make 8ÿ "the hard way".ÿÿ>>

Odds against making a "hard 8" in craps: 10 to 1
Payoff = 8 for 1 (assuming a 20% vig)

Odds that Zitel will return 8 for 1 (i.e. stock will go to 80) = 0

Suggestion: sell your Zitel, use part of the money to pay for a trip to Vegas, and use the remainder for a "hard 8" bet.



To: Deep Digm who wrote (13795)1/23/1998 8:26:00 AM
From: Roger A. Babb  Read Replies (1) | Respond to of 18263
 
DD, I have business contacts with Kentucky Utilities and will be able to get first hand knowledge of how the project plays out. I just hope the project goes forward quickly enough that the info is timely for our investment decisions. I reduced my short position greatly back in the 9's and am just watching now.


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