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

To: BARRY ALLEN who wrote (18030)	9/6/1999 10:32:00 PM
From: Dave Mansfield	Respond to of 18263

Not everybody participates in a pump and dump. For that matter, typically I would say most holders of a stock do not participate. Why those institutions hold this stock is an answer only they can provide. I do not know if they were buying or selling on the recent runup to $2.30+ or the fallback to $1.50. Even if they wanted to participate, when holding large blocks as some were, it's pretty difficult to sell a significant portion without contributing to the fall in the price.