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

To: Rubber Man who wrote (13151)	12/2/1997 11:12:00 AM
From: Marconi	Read Replies (1) \| Respond to of 18263

Rubberman: I anticipate a combination of events before yearend that will produce a new slide in Zitel stock price. The impact of fluffy announcements affects less than a point; between 8-10 $/sh the long support should tail off materially; tax-loss selling by investors; a C & L qualification to the annual report before year end, which in turn should trigger alert institutions to exit their positions; and Cayman remains as a very real overhang, too. I think it very possible to have a collapse of support as occurred in the bubble in late April 1997. The skids seem greased. It is hard to predict a possible bottom, but it could easily be to the 2-4 $/sh range based on historical pricing. I would not rule out below $0.50 which would rationalize this stock finally IMHO. Best regards, MDR