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Technology Stocks : XYBR - Xybernaut

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To: Stan V. who wrote (2848)10/28/1999 3:21:00 AM
From: Lawrence Burg  Read Replies (1) of 6847
 
Shorts? Yahoo shows under 200K short. Less than a day to cover. I'm not sure how up to date that is, though. But anywho, who would bother shorting a $2 stock??? Pretty risky, especially w/a story & genius behind like XYBR.

I grabbed XYBR @ $2 & sold @ $2.90, when the momo dried up. I was expecting this kind of price erosion on very low relative volume, and was planning on getting back in somewhere under $2, as this last run has painted a fairly dramatic upturn on the charts.

I'll be keping an eye on the volume, and how it builds. If I see it look like the green volume days on the run from 1 3/8 to $3, I'll jump back in. This is the first time it's broken back up through the 50DMA (~1 11/16) since February and it just tested it well as a support. Still watching...
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