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Strategies & Market Trends : ZixIt Corporation (ZIXI) -- Ignore unavailable to you. Want to Upgrade?

To: aplongman who wrote (455)	11/5/1999 5:50:00 AM
From: Roger A. Babb	Read Replies (2) \| Respond to of 4120

Likewater, anyone who thinks they can "be the one" to move a stock up or down probably has delusions of grandeur. Also, tops and bottoms are extremely difficult to call. The best strategy for shorting a stock like ZIXI is to short in several small trades over time knowing that you can't guess the top. And keep plenty of margin in the event of a squeeze or blow-off top. There is no reason to think that $50 or $55 will be the top, could be $90 or $100. Or maybe we have seen the top. Irrational valuations are almost like random events in their short term movements, even though the long term outcome is obvious. The same can be said for the longs with accumulated profits, take some off the table in steps. You can't guess the top and when the top is crossed the first drop may be so sudden and so big that you can't get out. Look at a long term chart of ZITL, it is typical of these type stocks.

To: aplongman who wrote (455)	11/5/1999 8:22:00 AM
From: Tom Hua	Respond to of 4120

lw, welcome aboard. I see you just joined SI. Regards, Tom