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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (1314)	5/2/1999 12:57:00 AM
From: Francois Goelo	Read Replies (1) \| Respond to of 10354

ZSUN's float is of the order of 5 millions shares. The short position... from my estimations is anywhere between 600 and 800,000 shares, or 2 days' trading, based on Friday's volume. Most of the shorting is done by a couple MM's, who have a lot of latitude when it comes to "covering" their positions. That's why we didn't get a greater knee jerk reaction caused by numerous small investor's short covering when the stock rose. My best (somewhat biased) guess is that the stock will close higher on Monday, helped hopefully by some good news and some large investors coming into the picture buying sizeable blocks. Of course, if Pluvia comes up with some credible detrimental information, the picture could change, but I'll believe it only when I see it. Regards, F. Goelo + + +