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

To: NYBellBoy who wrote (17162)	9/1/1998 1:07:00 PM
From: Marconi	Read Replies (1) \| Respond to of 18263

Hello NYBB: Thank you for letting us know MM MASH is playing tag with themselves. My impression is the volume is back out of ZITL as of noon ET today, so erosion should start in. I am surprised there has not been a significant wave of selling as in the past year. I take it there just is no real interest or support to Zitel. No buyers of 'bargain' and no sellers of dips. I speculate tax planning hopes are going to be the biggest governance in ZITL price for the remainder of this year. ZITL is still an order of magnitude high in price. Below $0.50 would be a more correct price now. Please keep us posted. Best regards, m

To: NYBellBoy who wrote (17162)	9/1/1998 4:18:00 PM
From: Marconi	Read Replies (2) \| Respond to of 18263

Hello NYBB: What do you make of the trading today? Lots of block trades at similar prices. A few trades at incremental prices--relatively big increments compared to the old game of 32nds and 64ths. Do you think volume was puffed up? Do you think the MM's are bulking up to continue the recent sucker trading on the bid-ask? I would think that would be getting riskier to do. Absent any real buying and selling, it could be a fairly safe play. But if they are long, and a significant selling trend occurs, or gaps occur, they could get lightened quickly. Maybe they are tied to the convertible groups with discretion so they are hedged -- then could play the market coming and going from a MM vantage. Best regards, m