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Technology Stocks : Zitel-ZITL What's Happening
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To: Michael who wrote (18029)9/9/1999 10:55:00 AM
From: Marconi  Read Replies (1) of 18263
 
Hello Michael:
With October-November tax loss selling period coming up, there should be some greater tax loss selling for ZITL going forward this year than in recent months. The speculation about y2k and Zitel's $300 billions 'market' should be abundantly clear that there is nothing but a major loss for Zitel to chalk up there...more destruction of shareholders capital. After some tax loss selling price suppression and a lower trading price, there should be greater opportunity for the Cayman group to work a pump for conversion. Could be a two way wiggle, both up and down. By now a new crop of daytraders should be available and another run could be worked for up to a few days. My sentiments. I am boxing here in the doldrums for now. Much greater money efficiency elsewhere than in this long ago exhausted story stock. And I think it is most generous to term this a story stock, when there were so many misleading and material misrepresentations in the PR from Zitel management the last 3 years. My first impression 3 years ago was what a pile of rot. It remains true to substance yet this day. Zitel management has my full scorn. Zitel, what a mismanaged abomination of an operation! If it were my decision, I would have fired most of management a long time ago for the worst of management practices....
Best regards,
m
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