Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: CalculatedRisk who wrote (7461)	5/29/1997 8:39:00 PM
From: taxikid	of 18263

for them to sell short before parting with the coin to the trusty coffers of zitl, they would have had to shorted $more than $50million to net 25 and have had at least 25 million balloons to do it.. EVERYONE needs either the cash or securities to margin against. Have you ever sold short?? this "scam" is a scam and yes it is complicated.. If it was so cut and dried easy the geniuses on wall st wouldn't have let it happen without getting their share!!{the MMs will start to get hurt too..} don't think they are going to sit and watch this fall before flushing their inventory! taxi

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