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Technology Stocks : Zitel-ZITL What's Happening

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To: Jacques Chitte who wrote (14520)3/6/1998 3:10:00 PM
From: Greg M.  Read Replies (1) of 18263
 
Alex,

>>"This suggests that there's real news afoot"<<

That's my guess as well. We'll just have to wait and see how substantial the news is. I couldn't get myself to go long; but I am freeing up as much cash as possible to "sell on news"--if it's small contract(s) or simple relocation, I will short immediately; if MD merger or large contract, will short after a day; if this drags on for another few days w/o news, will be increasing short anyways--the financials are simply that bad. The product is too late to be trusted for big contracts, and time is too short to ever justify market cap--even with a generous multiple.

Regards, Greg
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