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

To: pennyO who wrote (4374)	2/5/1998 4:02:00 PM
From: Scott Lerner	Read Replies (1) \| Respond to of 6570

ZE traded 439,300 on 2/2. The stock usually trades 180k a day on average. I was saying that the spike was not really a spike since ZE traded far more daily volume just a week earlier! Regarding the short, he offers stock for sale above the market. It is not all or none. He does need an uptick to sell. He can't sell at the market. He actually needs a buyer. He may not actually care to short at these levels, he is psyching the market. He does wind up shorting some, however. In the mid-6's he was surprised a couple of times by a buyer taking out his entire block in one trade. If you check my "jerkoff" post, the time was kind of early in the day. Who would try to sell 40k shares into such a lightly traded stock? This is a pattern. If it was a one time occurrence it could just be some imbecile. Since it happens every day, it is a conscious effort to pressure ZE. The proof is in the short interest. For every 4 long shares of ZE, there is 1 short! This is an incredible number. Feel free to ask for further elaboration. Scott