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

To: Bob Trocchi who wrote (17205)9/18/1998 8:20:00 PM
From: Michael  Respond to of 18263
 
I am staying to Zer$0.00.
Short to zero, never cover. Avoid paying big tax bill for a very long time.
I look for Zit to become a zombie stock after 1/1/00. Zit will be trading in
the pennies for many years. By not covering I am deferring my taxes, which is
good when you are over the limit in income. Also I get to invest the ($50k+ tax bill),
in effect an interest free loan for many years. It will be just plain stupid to cover
and give the government $50k+ by next April. I prefer to
keep the $50K+ in my pocket for as long as possible.

Sure is a Nice Day
Michael



To: Bob Trocchi who wrote (17205)9/20/1998 10:15:00 PM
From: NYBellBoy  Read Replies (1) | Respond to of 18263
 
Bob - Thanks for the good thoughts. I'll still watch my little Zit, but I wanted all to know I was out.

I don't believe in Michael's philosophy of "Short to Zero" and "Never Cover". I made my money and I offset some losses on other stocks and I'll pay my taxes.

The Time Value of Money is an important factor. Why wait for another two or 3 points for six months.

:)

BellBoy


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