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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (2265)	7/16/1999 1:52:00 PM
From: Marconi	Read Replies (1) \| Respond to of 10293

Hello Mr. Baker: ZITL Volume died to mid 800K in the last hour. Bid-ask is still tight at 1-23/32, 1-3/4. Now that the price is up 1/2, what do the buyers do? There should be a dearth of sellers from prior long investments- -price was at 1-3/4 in the last month or so. So how does the 2 hour buying flurry pack exit? Don't stocks historically correct faster than they rise in general? Seasoned hands, please comment on this pattern. I have a hard time understanding this kind of nonsense. Best regards, m

To: Dale Baker who wrote (2265)	7/16/1999 2:12:00 PM
From: Michael	Read Replies (1) \| Respond to of 10293

My friend Dale: Your right on about ZITL. Many penny stocks hang on for years. Only holding my short position on ZITL for tax reasons. Next year, my partnership income will drop from $50K now to $0. All short gains are fully taxable, plus California is another 10% state tax. I would pay 50% of profits in taxes cause in high income tax bracket in 1999. Next year I will at a lower tax bracket and then take the ZITL gain. ZITL likely to be 1-2 all year, GO QCOM check out chart of might Q. exchange2000.com sure is a nice day Michael