SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Zitel-ZITL What's Happening
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: NYBellBoy who wrote (17196)9/16/1998 10:32:00 AM
From: Marconi  Read Replies (1) of 18263
 
Hello NYBB:

Thanks for the MM update. It looks like a prop to me at $3. I expect it to trade below $2-1/2 soon. With the year end approaching, I am considering exercising Sept puts. That carries a short term gain forward as part of the basis of the short position and allows me to cover at any time in the future with the biggest caveat being the margin requirement.

For the most part the market seems to have shifted from the long term short picking of earlier this year to more of a choppy traders market at an intermediate level. Being mostly in cash is the position for trading instead of fully invested in long term shorts. So the tendency to cash for me now helps pad the margin issue.

I do not expect Zitel to ever make more money than they spend, so despite some ups and downs to ride, I expect the price in the long run to approximate zero. It might even come to that by December of this year.
Best regards,
m
PS I think the MM's have made a major dumbout. There is a lot more trading volume to be had at lower price levels than there is at the present price around 3. I thought they made money by volume, so until the pricing gets down to where trading volumes are back to meaningful volumes for liquidity--they are really not enjoying the benefits of a liquid market as market makers could. Pooh on them!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News