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Strategies & Market Trends : ZixIt Corporation (ZIXI)
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To: Brasco One who wrote (2216)3/28/2000 10:23:00 PM
From: Jose Matos  Read Replies (2) of 4120
 
I sense a top is in already. The most clear sign I've seen is the unbridled enthusiasm and complete disregard for logic or gravity.

I shorted COMS as it moved from the 90s to 120 (pre-market) the day of the PALM IPO and EVERYONE, and I mean everyone was relentless in claiming COMS would go MUCH higher. (I covered all at 70)

I then shorted NVDA during the xBox hype as it popped from $58 to $150 within a week or so. I shorted it from the $120s thru $135. Same thing. People swore it would go MUCH higher. (I covered at 95).

I shorted ZIXI last week for the first time from $83, covered same day at $76. Now that's it's cleared its' previous High of 90, and EVERYONE (Long that is) swears it's gonna see 120 and higher, that's my cue. The top is in or very very near.

I'm join you tomorrow, hopefully at $100, but if it doesn't hit it, then $90 is still good, considering that gravity should take it down to $60 within 2-3 weeks if not sooner.

Regards.
Jose
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