Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Michael who wrote (17379)	11/6/1998 11:03:00 AM
From: Marconi	Read Replies (1) \| Respond to of 18263

Hello Michael and all: Does anyone know if the 4-3/8 block after 10 EST was a market order? The volume price daily chart shows a series of buys that could have covered a sale for 1/8 point--$10K cut potentially. No retail trade following. On trend sporadic trading volume seems to have been creamed. I think volume should pick up as the price goes down toward value, which presently in my estimation is cash in hand, or less than $2 per share. It remains that Zitel would have to announce real and typical contracts for y2k labor support daily to justify present market cap(remember the r is silent in that last word as it is in Cook [Chicago] county Illinois--an old line, but fitting). Jack King continues to obscure what Zitel's operations are involved in--a typically poor management practice which I scorn and which costs shareholders value. An encouragement to me stay short. 5 seems a long way off. From earlier this year, promotional PR from Zitel-MD had an effect for a few hours several times, but did not last. If there are no matched trades today after 10 EST, it will be interesting to see if volume less 400K has picked up and the 'momentum' remains trending down. If I were day trading, there are much better vehicles than ZITL to attempt to trade. I expect ZITL to fall back in line with the trend. Too bad Jack King cannot manage to speak as a going concern and disclose the basic terms of their 'contract' involvement. Another lead balloon floated with a mercury fill. Won't float long at this altitude.... I also think that if ZITL can oblige when they are critically low on cash to prop the stock price with PR like this, it might be a profitably time to buy a batch of puts in anticipation of 'financing' or bankruptcy and exercise them to hold a short position with a basis below 5, to shoot for a double or better in less than a quarter. But not yet. If a sag due to tax loss selling in December, and a rebound in January on a trickle of volume, then options might be ripe to do so. Time, premiums, and parity will tell. Best regards, m