SI
SI
discoversearch

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.
Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: sheldon spivak who wrote (16412)12/23/1998 3:20:00 PM
From: Roger A. Babb  Read Replies (1) | Respond to of 18691
 
Sheldon, no, I can not imagine any valid reason for ZITL to go up. My guess is that it is being pumped in advance of another floorless convertible deal, but I am only guessing. They have a high burn rate and will soon be needing more cash. ZITL management has proven to be questionable and I see no indication of changes. It is a free Christmas gift, it may go much higher, but I will be shorting all the way as I find shares.



To: sheldon spivak who wrote (16412)12/23/1998 3:32:00 PM
From: Marconi  Respond to of 18691
 
Hello Mr. Spivak:
word over the brokerage lines 'short squeeze continues' in ZITL.
I thought there was enough float to never see this, but the frenzy is not durable IMO. Aside from a squeeze, no news I am aware of other than the 21st which is begging more toward bankruptcy than anything.
Best regards,
m