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

To: sheldon spivak who wrote (17209)	9/23/1998 8:32:00 PM
From: Michael	Respond to of 18263

Another reason not to cover, is that the money now "tied up in Zit". Will all go to IRS in capital gains taxes. Better to keep the money in my bank account as long as possible. In effect an interest free loan for I hope a few more years. I wish for Zit to trade as a penny stock for many years. Sure is a Nice Day, again (everyday is a beautiful day for a Zit short living in Ventura,CA) Michael

To: sheldon spivak who wrote (17209)	9/23/1998 9:19:00 PM
From: NYBellBoy	Read Replies (3) \| Respond to of 18263

Sheldon - The Big Short Money has been made on Zitel. If you had shorted @ $12 or so your profit right now considering the time value of money is great. The opportunity cost of waiting for the demise of "The Zit", another 2 -3 points, is not worth the potential reward. There is also a small possibility of a prolonged lull in the price or something could go right. There are other companies that are greatly overvalued or long term bargains based on the potential reward for the risk factor added. In other words, "Take the Money and Run". I will watch and if conditions warrant, I will be back. I don't agree with the "Short to Zero" philosophy; to me that is thinking with your heart and not your brain. This is not meant as an offense to anyone, it's just my humble opinion. :) BellBoy