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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 (306)	3/10/1998 3:12:00 PM
From: Jim Roof	Read Replies (1) \| Respond to of 4634

Bill, Only a fool would believe that a large backlog of shares purchased at a high price would not have an effect on a stock's future performance once that issue begins to trade lower. Only a fool would believe that large quantities of an issue purchased at a low price will have no effect on it's future performance once it starts to move up. Technicals, whether you like it or not - and whether you believe in them or not, are simply the net result of market psychology as seen through price/volume movements. Do not try to tell me that price and volume have no bearing on a stock's price or that how a stock has traded for the last 3 months has no bearing on how it will trade now. Jim

To: Bill Wexler who wrote (306)	3/10/1998 5:28:00 PM
From: Jim Roof	Read Replies (1) \| Respond to of 4634

<<Sorry to disappoint you Jim, but Zona is rigged.>> I am not disappointed in any case with ZONA. I am just telling you that your short is going to see some bad days with this stock regardless of the situation. Same with ZITL. These two companies may be worthless junk but their stock is still trading and money is still passing through peoples hands and therefore the influences of supply and demand will rule until something major hits from a fundamental viewpoint. BTW, I thought that ZONA was supposed to get killed today by the news of the lawsuit. Strange - it closed up. How do you figure that? Jim