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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: S Shaw who wrote (4722)3/10/1998 10:09:00 PM
From: Hank  Read Replies (2) | Respond to of 18691
 
Scott,

I just finished spending about a half hour analyzing the data on ZONA and I think we're getting close to the end of the fun and games. There is absolutely NO positive money flow into this stock and it is being held up entirely through manipulation as Bill has said. I give the maximum upside potential here about 2 points. Downside potential is at least 8-10 points. The risk with trying to play the upside is:

1) there may be no more upside from here.

2) if there is an upside, there will be virtually no chance to get short once the down draft begins. The stock will fall too fast.

I continue to build my short position in small increments through Datek. So far, I've had no problem getting shares. I'd rather take the brief upside hit if it goes higher from here in return for being short when the inevitable slide downward begins. I predict the fall will occur within 1 week.

Hank