Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zenith - One and Only -- Ignore unavailable to you. Want to Upgrade?

To: Robert Utne who wrote (3896)	1/6/1998 10:27:00 PM
From: Anthony W	Respond to of 6570

Someone picked up 100 May 12 1/2 calls today. The bid/ask have remained the same over the past few days, but this volume on 12 1/2 calls is very positive in my opinion. Bid: 1/8 High: 3/16 Ask: 1/4 Low: 3/16 Open: 3/16 Close: 3/16 Last: 3/16 Change: No Chg Days To Exp: 131 Open Interest: 444 Volume: 100 ZE MAY 12 1/2 CALL

To: Robert Utne who wrote (3896)	1/6/1998 11:00:00 PM
From: Scott Lerner	Read Replies (1) \| Respond to of 6570

I see it like you Bob. Also, more proof that the big block seller is a short. My comment was in response to another post. I think, on balance, that the street sees this as a positive. Regarding our short/manipulator: At 3:50pm ZE was 6 1/16 to 6 1/8 - 4000 by 80000. This is a heavy sell imbalance. Someone sold 3000 ZE at the bid , so the size is 1000 by 80000 at 3:51. This is a serious sell imbalance with 9 minutes left! (notice that the 80000 is untouched-further proof it is a bogus order. It probably should have dropped to 77000 after the last trade hit the 4000 bid for 3000) All of a sudden (instant in fact-seems to be the pattern-sell orders trigger the big bogus blocks to move in on ZE), another 30000 shares piled in to be sold at the 6 1/8!!!! Now there is a total of 110000 for sale with 8 minutes left! Is this guy a fucking idiot? Why try to sell a huge block of 30000 behind an even bigger huge block of 80000 with 8 minutes left on a light trader like ZE that is obviously weak and in a heavy sell imbalance? The sell orders amounted to over 15% of the entire days trading (or half the average daily volume!) with 8 minutes left? No Way. It is obvious that the seller is preying on the stocks weakness. He is playing psychological games with everyone. He doesn't want to sell any, he wants to crush the stock and perpetuate the "I got burned in Zenith" aura. Case in point, the DJ wire at 5:36pm talking about ZE and Dangremond. It is terribly cynical and incorrect in saying that ZE has hired three "turnaround champions" in the last three years. Bullshit. Who is writing this crap-the short? Bill McNitt a specialist? Roger Cregg a specialist? I hate to sound like Mel Gibson in Conspiracy Theory, but there is something here that is big and stinky. Someone is in on this, because it is too easy for the shorts. Before I get attacked by the pessimists with red ink talk, put my comments into context. I am talking about the shorts manipulation combined with the specialists inability to maintain an orderly market combined with DJ's lack of objectivity by not printing the positive press but all too willing to try to hurt ZE with mistruths and overblown media coverage of negatives (4 stories on S&P downgrade!). Just a thought. Hard to imagine that our short buddy gets away with this crap day in, day out. We will see some serious announcements this week. You can count on it. Also, as if this wouldn't happen, the 5:24pm PR wire was NOT picked up by reuters or DJ wire! It should. It contains the first official ZE mention that ALL manufacturers are using the Zenith VSB technology in their sets! See anyone interested at the ZE booth at 4 pm on Thursday, Scott