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Technology Stocks : Zitel-ZITL What's Happening
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To: Marconi who wrote (17201)9/18/1998 12:34:00 PM
From: NYBellBoy  Read Replies (4) of 18263
 
Marconi & Zit fans -- I am out of "The Zit" for now and maybe forever. I sold the last 46 Sept 7.5 puts today for 4 3/8. I could have done better by not waiting till the last two days.

The stock is flat and there is very little volume.

Marconi - To answer your questionS:

<You mean the MM's actually wrote puts instead of buying them?> I think the options people and the MM's work together for their own benefit.

Can you see that with your level II access, although I thought options quotes were separate from NASDAQ? - With level II you can be watchings the MM's and stcok and options on the same screen. It is corrdinated and integrated. The last few days the last few trades were upticks to end flat or at a small increase, when they were down for most of the day.

I think the stock will tade at least 1/2 point lower next week.

:)

BellBoy
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