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

To: Marconi who wrote (10040)	6/15/1998 6:32:00 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 18691

Marconi, what happened with ZITL was that some large shorters knew that it was a "story" that would come crashing back to earth but that it would be impossible to short once the crash started and impossible to predict the top. So they shorted and then started buying long in the 40's. Dumped the long side in the 60's, and some of them are still sort today. Note that a short boxing has the same effect on the stock price as if he were squeezed into covering as the price goes up, but dumping the long side as it turns down will accelerate the drop and enhance the value of his short side. ZITL will be studyed in text books for years to come.