Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Stanley L Brown who wrote (12336)	10/31/1997 9:53:00 AM
From: Warren Gates	Read Replies (2) of 18263

Hi, Stan ... last year I said Zitel has at most a fair value of $5 bucks ... I just have to revise this now to $1. I think at this point, Zitel can be shorted to eternity. Instead of covering during flare-ups, just sell some in the money puts, wait a couple of days, then cover those puts for a gain, then stay short, until it reaches ... A BUCK ... A BUCK ... A BUCK !!!!

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