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

To: Dale Baker who wrote (3315)	12/27/2000 1:23:48 PM
From: Michael T Currie	Respond to of 4120

Shorted more at $9. The average trade size today is $4000. This is nothing but small time retail action.

To: Dale Baker who wrote (3315)	12/27/2000 1:32:24 PM
From: Paul Kern	Read Replies (1) \| Respond to of 4120

Dale, Any idea what precipitated this spike (squeeze)? Added to my short at 9. Paul

To: Dale Baker who wrote (3315)	12/27/2000 4:39:54 PM
From: Brad Davies	Read Replies (2) \| Respond to 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?