Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Roger A. Babb who wrote (2069)	12/26/1996 11:16:00 PM
From: Larry Davis	of 18263

Somebody mentioned in a previous post that 64 percent of the float was shorted. To me, this seems like an impossible number. Yet, if it proves true, this will be a type of short squeeze that most of us have never seen or believed possible. It will take almost 3 weeks of present type buying before most shorts cover. Zitel could reach $70 to $80 before it's over. Remember, while a high short interest looks bearish, it's actually a bullish sign. Shorts are forced to cover as they're presently doing. Think twice before you jump in. later,

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