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

To: Paul Kern who wrote (3317)12/27/2000 1:48:41 PM
From: Dale Baker  Read Replies (1) | Respond to of 4120
 
Just an oversold DCB - throw in some short covering, Yahoo board rumors, etc and you get a brief, lame pop in the stock.

The recent chart shows a wall of resistance at 10-11 - imagine how many longs would be happy to bail at 10 instead of 5.

I added to my short in the 7's and have an order for more at 10. I won't cover this lot unless ZIXI has some real revenue-producing news.

Wait and see how the bid drops near the close if daytraders bail.


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