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Technology Stocks : Zapata (ZAP) -- Ignore unavailable to you. Want to Upgrade?

To: Smilodon who wrote (485)	7/24/1998 1:33:00 PM
From: DanZ	Respond to of 1206

Archer, ZAP has 23.24 million shares outstanding with only 9.5 million in the float. As of the last report, institutions held 6.317 million shares (27.2%) and it is likely that this is in cash accounts and has grown recently. I would venture to guess that much of the stock in margin accounts is turning over too fast to borrow. As you noted, the company said they will buy back stock from time to time. This would reduce the float even more. When you look at the numbers, it becomes clear why it is hard to find stock to short. And yes, I agree that a short squeeze is a very distinct possibility. I'm not sure why you want to be short this issue, but I respect your impartiality. Best of luck...I hope both of us make money on ZAP gg