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

To: Jacques Chitte who wrote (17850)	4/8/1999 4:11:00 PM
From: Marconi	Read Replies (1) \| Respond to of 18263

Hello LRR: Wonder if I boxed too early. That thought hits me, too. I have not been on target predicting the warped path of ZITL pricing, except the trend is and should be down! I am satisfied at this level to box for the time being. I want to see the reaction to the next press releases. It would strike me as odd if Zitel reverted to just supplying the SEC information without the hype PR's. For money efficiency (other opportunities)--Zitel has limited appreciation for a short position to 2 points, but ties up $5/share margin. My suspicion is that Zitel management won't quietly line down to zero this year. They seem to rubbing toward relabeling as some kind of internet "play". I'm learning these pathological firms that destroy shareholders value don't usually trend simply down. There are some ups and downs along the path, especially if management is predisposed toward specious claims and hype. Best regards, m