ZITEL (ZITL) Women and children first! Message Board

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Strategies & Market Trends : ZITEL (ZITL) Women and children first!

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To: SOROS who wrote (4)	2/2/1997 3:08:00 PM
From: kevin kirkendall	of 23

I was interested in buying puts on ZITL, however, they appear overpriced to me and dont add much buying power, (to make it worth the risk of expiration). Instead I had to settle for shorting a couple hundred shares, so I'll still be getting a small piece of the pie if everything works out. Also, it sounds like most people will wait till it gets into the low teens before they buy-to-cover, so most of us should be able to make a nice profit. I can see the stock rebounding after it hits the teens, because of buy-to-cover adding price support, but after a few bounces, I think it will go back down to when they were a pre-hype, poorly run company.

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