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


To: NYBellBoy who wrote (16526)7/14/1998 12:01:00 PM
From: White Shoes  Read Replies (2) | Respond to of 18263
 
It will soon be time to get busy shorts!

There seems to be some panic short covering at $7, following this spurt we all know which way it's going, down, and fast. Getting ready to pile on.

With the number of shares out now this joke of a company is valued at $140 million.

Caution is advised though, the bids are heavy.

[edit] I think the trend just changed, look out below!

Mr Horseshoe, would you please save your vulgar commentary for the Yahoo threads, and oh yeah, sell your shares. If your average cost is $4 3/4 and you sell at $7 you will have done better than 98% of ZITL investors.



To: NYBellBoy who wrote (16526)7/14/1998 1:12:00 PM
From: Marconi  Read Replies (1) | Respond to of 18263
 
Hello NYBellBoy:

Thank you for the encouragement. It was most welcome and timely. The volume downticks are a tell. I am doing my best to hang in there, and will continue to do so with everything I've got. The markets are maybe 25% of the picture for me, so I have my hands full.

It looks like options are under heavy manipulation this week to whipsaw investors as well as I saw some Zitel options quoted at less than parity in the last week. This is reminiscent of the crap CBOE did in May. They were quiet in June, but it looks like they are in not to make markets, but gouge the public as much as possible. Greed and drugs (twalk the allies behind the exchanges and see what goes on at noon...) have taken their toll to too far a degree. The CBOE and their great pride in the unchanged arcane trading rules, in fact dating from their opening July 14, 1973!!! Anniversary date!, that allow them to take up to a 1/4 point of parity from the public from any options position if they can get away with it, this organized robbery must be changed. They must come out of the dark ages of trading of the early 70's to the light of electronic trading by the public in the late 90's. Then options volumes will soar, risk management and hedging will be much more liquid and available to all, and the markets will be more robust and adaptable in general. Now how much more American could we get than that?
Best regards,
m