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

To: Jim Roof who wrote (310)	3/10/1998 9:16:00 PM
From: Hank	Read Replies (1) \| Respond to of 4634

Jim, Before you start preaching TA why don't you learn it yourself first. Sure, if you're concerned about 2 points or so one way or another, then ZONA might go higher. But that's about it. There is absolutely NO positive money flow into this stock. It is being held up by manipulation only. Have you ever heard of a head and shoulder reversal? Well, if you knew what you were looking at, then you would recognize the formation in ZONA. Maximum upside risk from here is about 2 pts. Downside potential is 8-10pts. I'll take the downside potential. If it goes up more, I'll short more. One thing is certain-it's not going to stay up for very much longer. The only time TA is worth a damn is when you use it in combination with fundamentals to determine exit and entry. You say the signals indicate that it's time to cover and yet the short interest has risen consistantly from month to month. I guess those 2.8 million shares short at the end of Feb. don't agree that all the good short money has been made on ZONA. Hank