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

To: White Shoes who wrote (16579)	7/15/1998 2:27:00 AM
From: CalculatedRisk	Respond to of 18263

White Shoes and All, ZIT has developed a very interesting trading pattern ... up before the quarterly loss report and down after the report. The reasons are (IMO) obvious. Prior to the quarterly report, rumors of large contracts, secret mergers, etc. are spread. We all know these LIES were rampant during the first quarter. The stock always moves up during these "rumor" periods. When the quarterly report is released (without any mention of the rumored events) the new round of dupes sell and the ZIT spirals down again. Regards, Bill