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Strategies & Market Trends : Crash and Burn 2001

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To: stevenallen who wrote (166)11/16/2001 7:58:54 AM
From: Dale Baker   of 207
 
Hi Steve - I gave up on NLI since it doesn't seem willing to drop into a terminal plunge, and started shorting more "real" companies that simply ran too far in the latest Naz spike.

ZIXI - I have no doubt they will crash and burn once they run out of money but I have given up trying to figure out when. I have a load of puts expiring today; ZIXI should not be trading over $3 but they could drag this out another six months. I have a small straight short I may add to over time if I can get shares.
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