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Technology Stocks : Zitel-ZITL What's Happening

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To: Christopher Coleman who wrote (440)10/27/1996 8:42:00 PM
From: Larry Davis   of 18263
 
Reply about Barrons Laura Rublin report.
Don't worry about it and buy whenever it rolls in the morning.
We will probably see another 33 to 36 day.
What Laura says is old news. If you look at the Emerald research
report, it is explained. Perry Esping invested $1.5 million in
MatriDigm in May 1996 through an investment vehicle he controls
by the name of JBJ Partners. The stock at that time was probably
$10 to $12 a share. He purchased a controlling interest in
BRC Holdings. He has served as the chairman and CEO of BRC since
1988. BRC has a marketing agreement with MatriDigm which allows
them to market the MatriDigm solution.
Also noticed that the short position has increased from 1.342 million
in Sept. to 1.729 million in Oct. That means about 400,000 people
shorted ZITL in the upper 30's and low 40's. Once the stock hits
the upper 40's, we should see a fast ride to 50 plus. The shorts
are presently in a lot of trouble and know it. That's why we see
so much Zitel trashing. Almost 1/3 to 1/4 of the float is shorted.
They better pray Zitel doesn't take off.

later,
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