Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Roger A. Babb who wrote (12014)	10/28/1997 9:58:00 AM
From: doug doan	Read Replies (1) of 18263

Look like Zitl is slipping a bit faster than the overall market... and the air at long last is coming out of this balloon. What sort of strategy would the Cayman folks be doing right now. Let's assume that they have already shorted. My guess is that they would wait till the bitter end. Of course, another option is to cover soon and lock in profits. My math tells me that they need to cover at around 9 to lock in a profit. any thoughts? 2, Management remember has the option to sell 1,000,000 shares without any shareholder approval. My guess is that they already did it and we will find out on Friday. However , if they were a bit slow on the draw, would they do it now? Would push stock lower but would bring some cash in before the bottom falls out. opin please

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