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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Ploni who wrote (4161)1/11/1999 1:35:00 AM
From: Michael Bidder  Read Replies (1) | Respond to of 4634
 
Mr. Stein,

I piled up a lot on this thing from $24 to 13 and then refinanced for another 5k shares at $13. I think I lost $15 thousand all together.

My cousin shorted from $13 and rode it up to 32(?). Then bailed at $25 I think.

I am not sure of this but I have a theory and I would like your opinion.

Is it possible that the ZONA people, and here I mean the institutions, might be playing a little game with us shorters?

I have seen ridiculous price swings on these stocks so I think they may be trying to "harvest" short money.

In the same way perhaps short money is partly to blame for the continual rise of the "net stocks". Their is always a new crop of geniuses that think they are hitting it at the top.

Regards,
Michael Bidder



To: Ploni who wrote (4161)1/11/1999 10:51:00 AM
From: Bob Trocchi  Respond to of 4634
 
Charles...

Re: ZONA

Shorted this a.m. at $29. this is my third short of ZONA. Hope it is as profitable as the other two times.

Bob T.