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Strategies & Market Trends : ZixIt Corporation (ZIXI)

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To: Kevin Podsiadlik who wrote (1231)12/10/1999 5:31:00 PM
From: levy  Read Replies (2) of 4120
 
...this is my favorite thing in the news release...Kevin I thought you got out... why are you still posting here.....this thing will pop over 100 next week just based on short covering. "The stock price could also receive a boost by short covering. We estimate there are 3 million shares in the short position. The short sellers have bet that ZIXI will never have a product or customers. This week's news proves the short seller thesis is flawed. With a formal float of about ten million shares, and a trading float of six million, it will be interesting to see how the stock reacts to a combination of short covering and natural buying by fund managers."
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