Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Sal Sell who wrote (1369)	12/2/1996 7:52:00 PM
From: Larry Davis	of 18263

Sal, Todays volume of 612,000 were both buys and sells. Buys probably outnumered the sales because the price increased today. Let's say there was 350,000 buys. Using these numbers, it would take 12 to 13 days for all of the shorts to cover. If it were all buys for 7 days, there's no telling what the share price would end up being. Am I looking at something wrong? The point that I'm trying to make is, we have an extreme situation. If good news does come about matridigm, people shorting Zitel will be forced to cover. Shorting a stock with this much short interest is very dangerous. I see nothing wrong with shorting a stock. But not at this stage. later,

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