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

To: Roger A. Babb who wrote (12014)	10/28/1997 9:10:00 AM
From: David M. Cleary	Respond to of 18263

I wouldn't be so sure Zitel is above 10. Remember, the quote you're reading for the end of the day was as a result of the trading halt. I can imagine a severe drop in the opening price today, relative to the "closing" price yesterday. Good luck to everyone. DMC

To: Roger A. Babb who wrote (12014)	10/28/1997 9:27:00 AM
From: David M. Cleary	Respond to of 18263

Discover Brokerage Direct posted the bid/asked at 14 7/8 by 14 1/4. It seems it's dropping rapidly but not as bad as I just predicted. DMC

To: Roger A. Babb who wrote (12014)	10/28/1997 9:58:00 AM
From: doug doan	Read Replies (1) \| Respond to of 18263

Look like Zitl is slipping a bit faster than the overall market... and the air at long last is coming out of this balloon. What sort of strategy would the Cayman folks be doing right now. Let's assume that they have already shorted. My guess is that they would wait till the bitter end. Of course, another option is to cover soon and lock in profits. My math tells me that they need to cover at around 9 to lock in a profit. any thoughts? 2, Management remember has the option to sell 1,000,000 shares without any shareholder approval. My guess is that they already did it and we will find out on Friday. However , if they were a bit slow on the draw, would they do it now? Would push stock lower but would bring some cash in before the bottom falls out. opin please