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To: drsvelte who wrote (12610)	3/23/2000 7:10:00 PM
From: Thean	Respond to of 14427

Doc, I'm not short ZIXI right now. ZIXI is one of a kind and needs to be watched so closely it is a big stress when holding it. I stayed away since Dave Cook gave clarity on their zixmail launch. This Cook is a very good cook and I'm sure he and Wayne are buddies going back to the blockbuster days. Anyway, I will short it one day depends on how it goes. CNXT - Stefan, I have watched all sorts of TA support for this and with today's close it escapes a major breakdown potential. Yesterday's close, e.g. 74, was my support. But one can find different support arguments for CNXT from 72 to 77. Anyway, it escaped well today. If you were to monitor the Yahoo board, there was a poster that shouted the AG Edward upgrade at around noon and for quite a while CNXT was stuck at 72. The news simply did not reach Reiter and other news services so retail investors could not verify quickly. I almost pushed my button to switch from TQNT to CNXT but did not. This poster turned out to be genuinely knowledgeable. CNXT was definitely on the fast lane after the news was confirmed. Going forward, I have absolutely no idea how CNXT will do since the street is still fearing a pre-announcment. It could be like last time when CNXT went above $90 after an upgrade but receded quickly to $80 and then below $80. History can still repeat and today's upgrade may only work for today. However, once we get close to the second week of April, it should be safer to assume CNXT will do just fine earning-wise. It may stage a rally then back up above $100. Until then, with the whole specialty semi group under churning, the downside risk is still there.