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


To: Hank who wrote (727)4/21/1998 2:30:00 PM
From: Jim Roof  Respond to of 4634
 
<<Imagine how foolish I must feel for not sitting on my hands like you.>>

Again, I refuse to play with an issue that fundamentally is questionable while technically strong and vice versa.

You say you are short big time now at an average of 29 1/2. Hank, it sounds like you took my original advice (to short on a rally to 30) to heart and have placed a sizeable chunk of change behind my original analysis. I am glad to have been of service to you.

30 was a target that is implied by the depth and size of the bottom that ZONA reversed out of. This was a minimum target, meaning it could go higher. My advice "to short the crap out of it at 30" was given to you because at the time you were saying short it in the low 20's. I am sorry if I led you to believe that I was going to do that too. I never have had any intentions, short or long on ZONA and I would think that you should find some solace in that. I am emotionally unattached to this stock and my thinking so far has been pretty clear, precise, and accurate.

Jim

Jim