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

To: Bill Wexler who wrote (10325)	6/20/1998 4:46:00 AM
From: Dale Baker	Respond to of 18691

ZONA - went out as far as I could go and bought the November 20 puts. Premiums aren't too bad since I expect ZONA to go through about the same contortions as ZITL. It will sag to the teens while dueling press releases and hypesters keep firing, then the truth will become clear as the money and hypesters move on to the next play. Also hold ENMD November 15's. ENMD isn't a scam but they probably won't cure cancer in the next six months either. Thanks again Mr. King, Mr. Stewart and other ZITL faithfuls for seriously increasing the liquidity in my options account.