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

To: Jacques Chitte who wrote (713)	4/20/1998 8:14:00 PM
From: Bill Wexler	Respond to of 4634

I would guess that ZONA is currently riding on PFE's coattails. Combine that with a short squeeze and the stock gets a little lively. I still see no reason to cover a short position in this stock. if you get real nervous, you can always hedge with options.

To: Jacques Chitte who wrote (713)	4/20/1998 9:21:00 PM
From: Hank	Read Replies (1) \| Respond to of 4634

Alex, I imagine there's a fair amount of short squeezing going on here that is contributing to the rise. I don't know who is buying other than shorts covering due to margin calls and momentum players. The move is even surprising to me. Don't worry though. What goes up shall come down. In the meantime, be prepared to see 30+. I think we'll see it back track by the end of the week though. As for me, I'm scaling up and beginning to short in size. Hank