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Technology Stocks : Zitel-ZITL What's Happening
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To: Cyberacer who wrote (11625)10/13/1997 9:05:00 AM
From: Roger A. Babb   of 18263
 
KK, most of the shorts and some of the longs have profited from Zitel. But the big profits were made by the insiders as they exercised their cheap options and promptly dumped the shares all the while proclaiming that "contracts are coming soon".

It may be that there will be some contracts and another big short squeeze that will allow the longs to escape, but the probability of that event goes down with each passing day. Obviously the insiders are not waiting around.
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