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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Marconi who wrote (18010)	7/20/1999 2:13:00 PM
From: Rajiv	Read Replies (1) \| Respond to of 18263

Your theory is feasible.. ZITL has been seeing an average volume of around 100k shares for several days. Aggressive buying of 100k shares should generate enough momentum to take it a bit further (in the past, ZITL pops were generated by planted stories/rumors). ZITL is followed by enough traders who are waiting for the push to come in. IMO the people who are counting on a short squeeze have to realize that the 5+ million short interest has been fairly steady for a long time. Most of these short positions were initiated at significantly higher levels and a few points is unlikely to squeeze any short-sellers. IMHO we will see a return of the average day fairly quickly - steady decline with decreasing volume. Till of course the next Pump.. The 2-yr chart is a thing of beauty (for short-sellers). Regards, Rajiv