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


To: Dale Baker who wrote (1482)1/2/2000 10:33:00 AM
From: Paul A  Respond to of 4120
 
Good deal Dale.. Sometimes its funny how it works in your favor.. but its so hard not to take it personally.. Last week I went long on WCAP and put a sell limit at 56.. welp, it hit 56, and than retreated so I was forced to sell about 1 1/2 points lower.. thats why typically would put a sell order in at 55 15/16 for phsycological reasons, and it usually works.. must have been asleep when putting the order in!

but last week, between Thursday and Friday I would have pulled in about $1000 on 4 short trades.. but each trade, I lowered my stop to break even rather than take the profits, in hopes they would drop further.. Each and every one came back to stop me out at break even.. but in the end, nothing was lost from my original 'pile' and I still swear by stops..

Im just praying we get a decent open on ZIXI.. I have followed this POS for ages it seems, and it looks like I missed the final blow that kocked this monster out..

damn damn damn.. I feel that any position I can take in the 30s will be a good one.. and ill take a short anwhere above 29.. no silly upgrades or hyped press releases will change things now.. Finally they admit that they cant be a force.. errr even if they have to put the blame on someone else..