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

To: Nescom who wrote (17370)	11/2/1998 7:25:00 PM
From: Timoteo	Read Replies (1) \| Respond to of 18263

I have been a follower of the stock since mid 1996. Have played it almost exclusively from the short side as you can tell from my posts. ZITL was a real company but turned into a vehicle for fraud and manipulation with the Y2K craze. Stock profiteers and convertible holders have made more money on the stock than the company ever could've dreamed of making off Y2K or any other business. Other companies have gone the same route-look at my posts for VVUS when it was a $60 stock. I doubt we will see 5 because that will make the stock shortable at most brokerage houses. The stock is too cheap and the story too old to orchestrate any meaningful squeeze. In fact most shorts have been content to take their profits out of boredom more than anything else. ZITL will continue to post losses and release non-news; positive sounding "potential deals" that never come through with revenue or earnings. The Matridigm deal will only cloud the true financial picture further and give the optimists a reason to believe that good news is just around the corner. If one does a search of the last two year's news releases and compare them to a chart, one will see a predictable pattern. Earnings are similar. Money can be made trading ZITL on either side but anyone who is buying ZITL as a true hold is (pardon my bluntness) ignorant of all that has gone on with this stock. Hype stocks can go on as long as there are believers, but why anyone would buy this stock when there are so many real companies out there with products and earnings is beyond me. The only positive thing about this stock long is the short interest; it exaggerates any small move up. There are lots of Y2K companies wth earnings that sell for far less than ZITL from a valuation standpoint. There are still people who believe the old Diana Corporation will be a hundred dollar stock again. Same for Solv-ex. ZITL will join them, its just a matter of when. Best Wishes, Timoteo P.S.: FWIW ZITL is the only short position I'm still holding (average $14 for current batch). The only reason I bother to post is that over the past year I've watched the true believers come and go and unfortunately, many probably lost a lot of cash. (Find Deep-Digm's last post). If you're ahead, good for you. But I'd get out before earnings are released.

To: Nescom who wrote (17370)	11/2/1998 8:22:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 18263

NESCOM--- Whooops,,, up again. I think I might stay for awhile. Due for a pull back,, but I will ride that too. Hard to lose from here--- 5 is possible,, actually probable--- now 9 is shakey but 7 would not surprise me...