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.

Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Greg M. who wrote (997)	4/9/1998 2:54:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 2506

I shorted ZITL several times with a net profit. You are right, it's a joke of a company. But don't think of it as a company, think of it as a heavily shorted stock. Got tired of the squeezes and bought June 12.5 puts which have doubled in value so far. Looking for much more by the time June rolls around. They can only hide the bleeding balance sheet and no contracts for so long. If ZITL spirals down as planned, I will make about 400% on the puts. If not, I'm not out very much. Good luck.