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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: Q. who wrote (1058)5/14/1998 5:10:00 AM
From: Dale Baker  Read Replies (2) of 2506
 
I'm looking at ZITL September puts based on the likely new DC financing. If ZITL gets crunched like GOTK, HMSC, etc. in this deal, the odds it will fall under 5 are pretty good, hence the September 5 puts for 9/16 are good leverage.

OTOH, a safer play is in-the-money September 10's at 3 1/4 or the 7.5's at 1 9/16.

Care to hazard a guess how far down ZITL could crash from here?
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