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Technology Stocks : Zitel-ZITL What's Happening

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To: Autumn Henry who wrote (2164)12/28/1996 1:36:00 AM
From: P.Prazeres   of 18263
 
Hello all:

What an incredible exchange over the past two days here.

Wouldn't it make sense for ZITL to have a massive secondary offering at these prices? I remeber that the internet stocks did this when they were hot. Netcom had a secondary offering in the low 70's. Now if they wanted to , they could announce some"stock buyback" and pick them up for <15...wow what a market.

By the way, I noticed a peculiar thing with the puts today. They did not loose very much value from 56 to 61-1/2. maybe the top is here. for example the jan 45 put was bid 2-3/4 ask 3 at 156 and bid 2-1/2 ask 2-3/4 at 61.

1/4 point loss in the put fro a 5 point gain in the shares????The market makers aren't that dumb.

I think this is telling us something.
The short squeeze may be over.

Paulo
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