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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (302)3/9/1998 9:57:00 PM
From: Braddock Bull  Read Replies (2) | Respond to of 4634
 
Zona's resiliency is baffling

Bill, it certainly does seem rigged doesn't it? The funds are simply not letting this one go and the other longs that remain are hanging tough. The funny thing is that the overall short position is really not increasing by much. My guess is that some shorts are covering, while new shorts are selling. The short shares are just sort of changing hands, but the overall short interest remains about the same.

The Market Makers on ZONA will do anything to try a squeeze. I mean they literally uptick the ask on almost every buy, it's crazy. Anyway, we're kind of left waiting for somebody to blink. I think you're right... patience is going to be required on this one. Will this lawsuit move the stock (down)? I think this is one more straw for the camel's back, but oddly enough... somehow it will hold. For now.

Brad