Zitel-ZITL What's Happening Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mondoman who wrote (1996)	12/26/1996 1:18:00 AM
From: Louis Riley	of 18263

Mondoman - let me get this straight. You are short 30,600 shares of ZITL at an average price of ~$30.45 (assuming you're doing nickle/share business). You are upside down by more than a half a million dollars on this position. Your initial 50% equity in this position has been completely wiped out and then some. You shorted the greatest number of shares in your position (7000 shares) at the lowest price the of any of the trades you put on. You held your initial disatrous entry points rather than covering and attempting to reenter the shorts at higher prices. You will hold this position for three years if that's what it takes. Two questions for you: 1) Why should anyone listen to someone who is losing as bad as you? 2) What makes you think you will even be able to hold this position for three years? A rise of another 200 points will completely wipe out your $8MM equity (based on the current 30% Fed T maintenence requirement on a short sale and your other open short positions). Curious to hear your contigency plan if ZITL doesn't cooperate with you. Louis

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next