SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Zmax (ZMAX)/New Year 2000 play

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Allan Hyman who wrote (151)4/25/1997 3:24:00 PM
From: G. W.   of 370
 
Alan,

"The Street" is actually two market makers who have been shorting ZMAX for some time now. They have mistakenly linked ZMAX with other Y2K companies like Zitel which apparently do not have an effective Y2K solution. The fact that ZMAX is in a silent period awaiting full reporting status and a NASDAQ listing, has resulted in the the "shorts" being able to lower ZMAX's share price by several points.

This is about to change. As you know, ZMAX has just successfully completed 7 pilot programs for S&P 500 companies with a 0% error rate. Look for a renewed upward trend for ZMAX share price on Monday. If these are naked shorts we could see quite an effective squeeze very soon.

Regards,
Gary Weber
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext