Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: larry who wrote (10536)	6/24/1998 10:52:00 PM
From: Roger A. Babb	Read Replies (2) of 18691

Larry, your same arguments were used during the ZITL blowoff. What happens is that, at some price, all those shares not now included in the float begin to show up. At some price the company will not be able to resist the urge to issue new shares. In December, 1996 I posted that Zitel had a market cap of near $1 billion but only a few million in the bank and would soon look for ways to put some of that market cap in the bank. AMZN must be having the same thoughts given the current market cap of almost $5 billion and cash of only about $100 million plus debt and a negative cash flow. You can bet that more shares will come to market very soon.

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