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Technology Stocks : Zitel-ZITL What's Happening
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To: Andrew Hui who wrote (1483)12/6/1996 11:11:00 AM
From: M. Frank Greiffenstein   of 18263
 
Andrew,

Thanks for your support. The next few trading days should bring out more braggadacio from some of the regulars about how they sold of thier hsort position JUST IN TIME with a profit and nimbly got into a long position JUST IN TIME, at JUST THE RIGHT SECOND to make a handsome profit on the long side.

Market Makers also buy up blocks to sell them retail. Again, this sort of analysis is meaningless in the modern trading world. This was important information however in the 1970's.

BTW, Zitel's relative strength is incredible. MMs opened the bid at 23 this morning. stock proceeded to run up. ZITL up 3/8th at 10:30.
Bulletproof....impenetrable.

DOcStone
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