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Technology Stocks : Zitel-ZITL What's Happening

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To: NYBellBoy who wrote (16526)7/14/1998 1:12:00 PM
From: Marconi  Read Replies (1) of 18263
 
Hello NYBellBoy:

Thank you for the encouragement. It was most welcome and timely. The volume downticks are a tell. I am doing my best to hang in there, and will continue to do so with everything I've got. The markets are maybe 25% of the picture for me, so I have my hands full.

It looks like options are under heavy manipulation this week to whipsaw investors as well as I saw some Zitel options quoted at less than parity in the last week. This is reminiscent of the crap CBOE did in May. They were quiet in June, but it looks like they are in not to make markets, but gouge the public as much as possible. Greed and drugs (twalk the allies behind the exchanges and see what goes on at noon...) have taken their toll to too far a degree. The CBOE and their great pride in the unchanged arcane trading rules, in fact dating from their opening July 14, 1973!!! Anniversary date!, that allow them to take up to a 1/4 point of parity from the public from any options position if they can get away with it, this organized robbery must be changed. They must come out of the dark ages of trading of the early 70's to the light of electronic trading by the public in the late 90's. Then options volumes will soar, risk management and hedging will be much more liquid and available to all, and the markets will be more robust and adaptable in general. Now how much more American could we get than that?
Best regards,
m
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