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Technology Stocks : Zitel-ZITL What's Happening

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To: Carl Loscerbo who wrote (2261)12/30/1996 9:30:00 AM
From: Carl Loscerbo   of 18263
 
To Gerald Underwood and Mad Monk:

I address this to you (and other longs) who have discussed moving
shares from margin accounts to cash accounts to help squeeze shorts.

I am long both shares and call options. The options have increased
dramatically (over 800% etc.). I'd like to take profits here without
huge tax bite (I know - good luck). One thing I'm considering is
selling shares, then later EXERCISING options (to help defer tax).

Question: Won't exercising options call in shares, also helping to
squeeze shorts? I should know this, but I don't.

Thanks,
Carl
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