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 (17198)9/17/1998 1:50:00 AM
From: Marconi  Read Replies (1) of 18263
 
Hello NYBB:
MM's are also the ones who wrote the puts & calls and are in deep doodo with the Sept puts
I don't quite understand. You mean the MM's actually wrote puts instead of buying them? Can you see that with your level II access, although I thought options quotes were separate from NASDAQ?

I don't like the ZITL price--seems too high to me and trading volume is pathetic. My estimation is there should be much better trading volumes at 2 and under. Much along the line of pricing tracking remaining cash at a multiple until bankruptcy is imminent or we have an October that takes a number of folks to pre-90's holdings.

I'm still good for around 3-400 contracts. I am seriously considering exercising and holding short for tax purposes, recognizing profits as needed. I did put in what I thought was a reasonable order for 50K in the 2's last week. With time to watch and real time quotes, I don't put orders out there for the MM's to put on the books. One of these days they are going to have to play ball. And unless they want to risk the capital to do a loft to 10 or so, I plan to wait it out at least to the end of this year when ZITL should be facing more dilutive financing on far less favorable terms or else losing the confidence of many of the shareholders who may elect to recognize losses in ZITL to offset gains elsewhere. Should be an interesting quarter forward.

Best regards,
m
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