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

To: Dennis W who wrote (4505)	2/26/1998 1:48:00 AM
From: Scott Lerner	Read Replies (2) \| Respond to of 6570

Our short buddy took the pressure off Tuesday morning. The stock started going up like a knife through butter. He applied just enough pressure to hold it. Today the stock opened strong, exactly like Tuesday. Several hours later, when buying petered out, the short showed up with 40-50,000 shares at 6 11/16. He pushed us back down. The point is that the short doesn't dare put his orders up unless there is no buying interest. He won't short into a rally because he could get burned. He only shorts into a lull because he doesn't really want to short at all! He just wants to keep ZE down. When he offers stock into a lull, there are generally no buyers, and if there were, they would be scared away by seeing his sell block dangling on the offer. What happens is like today. The stock slowly drifts down because the buyers are scared away. A good PR release would solve the liquidity problem and prevent the short from successfully manipulating ZE. Scott