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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Peach who wrote (17173)	9/2/1998 9:06:00 PM
From: Jacques Chitte	Read Replies (1) \| Respond to of 18263

I see you performed an edit. I am no longer one of the thread bad guys. Now you're making me go back and think up a brand new indignated reply - when the old one was soooo good ... <g> About being on the wrong side of ZITL. Yes, I'm short. But at the same time I've striven to treat the longs with dignity. They're not the bad guys here. Some other shorts here have shown rather unsporting behavior. I've disassociated myself from that. A successful parasite does not kill its host organism or something. I would say that on the long side, I've seen some really deplorable behavior from the hypesters. Crowing shorts aren't what crunches a stock. Quarterly reports are. The thing that amazes me is how the Zitel "story" was slickly packaged, and how much retail money it slurped into its vortex. Now, I'm a little guy. I don't have a lot of shorts in my account (although i salted in some URSA because I smell a bear) and I'm sure not cut of the fabric traders are made of. I listen to the heavies like Marconi, Roger, the deeply-stealthed Mondoman et al and I sit back and admire their guts/knowledge. You apparently "bought in" to the Zitel story at some point, and I would like to extend my sympathies. My big long tripped over its own story and is now about 70% down. I hold some ZITL short, but it's not near enough to redeem my long oopsies. If you're long ZITL, ask yourself why. Zitel today is not what it was a year ago, and it has squandered all of the sparkling excitement surrounding it (and its stake in the seemingly stillborn Matridigm process) twenty months ago. I don't doubt Y2K is real, but I figure that everybody is solving it the old-fashioned way - by working their in-house IS staff to the bone. No magic silver bullets, sorry. If we knew then what we know now ... you'd probably be short too. Regards. Alex