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

To: Zebra 365 who wrote (12925)11/18/1997 8:29:00 PM
From: DD™  Read Replies (1) | Respond to of 18263
 
I expected the big ZIT to go down on a down day for the market.

Short covering?

DD



To: Zebra 365 who wrote (12925)11/18/1997 8:44:00 PM
From: CalculatedRisk  Respond to of 18263
 
Zebra, I appreciate your diligence!

With today's price (13 5/16) the Cayman investors would convert for about 2 million shares. Add that to the shares outstanding and Zitel is worth about $230M - for a Company that, without significant operating changes, will run out of cash in May '98!!! Unbelievable. Hope dies slowly ...

Regards, Bill



To: Zebra 365 who wrote (12925)11/20/1997 1:18:00 AM
From: Zebra 365  Read Replies (2) | Respond to of 18263
 
ZITL BEAROMETER = $1,275 (+)$881

The Zitel Bearometer reflects a short sale of 100 shares at 21 7/8 less commission of 1% on 10-10-97. The first figure is the current value of this position. The idea is that the obligation will shrink as the stock price declines and vice-versa.

The change represents paper gains (+) or losses (-) of this position from inception. It does not include commission on the covering transaction.


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