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Technology Stocks : Zitel-ZITL What's Happening
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To: Karl Radke who wrote (12444)10/31/1997 2:55:00 PM
From: Roger A. Babb  Read Replies (3) of 18263
 
Karl, no you hear margin calls being prepared. The Cayman's won't convert now until we reach bottom. Their maximum profit points are to convert well above 26 or at a very low value after having shorted. Since they did not convert at the top, we can assume they are shorting now. Their next incentive point is when they can not short more.
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