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

To: Roger A. Babb who wrote (12951)	11/23/1997 3:45:00 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 18263

Zitel's going TO THE MOON BABY!!!!!!!!!!!!!!! Let's squeeze shorty first thing Monday morning!

To: Roger A. Babb who wrote (12951)	11/24/1997 8:23:00 PM
From: Marconi	Respond to of 18263

Roger, -- maybe, but more likely not. Clarifying how much activity is going on and its profitability would allow a fair evaluation of the potential of Zitel. Unless they have the silver bullet, and continue to sit on it, then they are labor limited like everyone else in the code modification business--and that has to be a fraction of present market cap. I think material information would lead to a dumping of their stock by the institutions--they grind numbers quickly and are not sentimental in trading 'story stocks'. The story survives for the lack of information and the continued implications of something big just around the corner (for approaching 2 years now). The push coming to shove point is likely to come with a qualified opinon by the auditors between late December (after December options expire) and the end of the year. If institutions dump, and private investors try to take tax losses this year to offset the incredible elevation of stocks in general this year, that scenario spells a more dramatic than in the past rationalization of the price of Zitel stock IMO. And if Zitel loses its story status additional institutional pressures may come in December for portfolio window dressing. My estimation is year end now for the next window for fireworks. Best regards, mdr