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

To: Bill Wexler who wrote (4469)	2/16/1999 8:38:00 PM
From: Druss	Respond to of 4634

Bill--I have noticed the same pattern. I think damage control is a trait of a lot of these companies. They seek to keep bad news from impacting the stock the way it should. I have seen it with some quality companies when they do poorly at earnings. Particularly if funds hold big percentages of the float. Highly questionable companies are really resistant to bad news quickly moving the stock down. They do go down but it is often far tougher than one would expect. Regarding those suggesting going long on Zitel, I have rule of never going long for any reason on a company I think is basically garbage. You put yourself at risk of any number of things going wrong. Bad companies tend to generate bad news. Like many others I am just hoping Zitel hits $5 for another round of shorting. All the Best Druss

To: Bill Wexler who wrote (4469)	2/17/1999 11:55:00 AM
From: Bob Trocchi	Respond to of 4634

Bill... >>Personally, I'm waiting for FDA rejection, at which point the game is over<< I to am waiting for the FDA rejection. However, given that ZONA has around $50M in cash and a yearly loss rate of around $20M+ per yr. wouldn't you expect them to simply make some adjustments and resubmit build up expectations with additional hype and keep this going on for another 18 months or so. I am short and I can wait but damm it takes so long. Bob T.