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Strategies & Market Trends : ZixIt Corporation (ZIXI)
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To: Dale Baker who wrote (3315)12/27/2000 4:39:54 PM
From: Brad Davies  Read Replies (2) of 4120
 
Dale, I believe yesterday was the last trading day for settlement in 2000. Today would have been the first opportunity to cover, take profits and delay the taxation of the gain until 2001. My guess is that is exactly what happened, although it may have been partly a squeeze. If my theory was accurate, we may have a couple more days of profit taking to drive the price up.

I can tell you that my short position was not squeezed. Were you or anyone else on the board forced to cover today?
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