Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Marconi who wrote (14622)	3/16/1998 2:51:00 PM
From: J.S.	of 18263

The options activity is consistent with this scenario. What makes Zitl stock a good candidate for this? Answer: The convertible bond holders already have a built in advantage. They can short the stock and drive the price down with no risk by using the convertibles. They can then convert on the open market, preserving their debentures and proceed as you suggested. Without this advantage, such a play is much more risky - a desperate act when there is no underlying reason for the run-up. Either way this spells the beginning of the end. Joe

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