Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Warren Gates who wrote (477)	10/28/1996 11:34:00 PM
From: Philip H. Lee	of 18263

ZITL not trading on fundamentals now. Earnings report already released, stock waiting for news. Techie wrote that Schwab didn't have any ZITL shares available for shorting this morning. I've also heard other reports of ZITL shares not being available for shorting. If 1) ZITL can't be shorted much more; 2) short interest is over 20% of shrs outstanding; and 3) all the weak hands have sold their positions because of overwhelmingly negative media coverage, what's going to happen to the stock? It can only go up. I'm sure you realize the shorts' precarious position. The shorts have got to be blind not to see what's happening...I see a squeeze coming. Philip

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