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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?


To: Patrick who wrote (912)6/10/1998 12:02:00 AM
From: Scott Moore  Read Replies (2) | Respond to of 6847
 
That may be true if the volume wasn't tapering off. Since no individuals have been allowed to short this thing to my knowledge, then maybe there is some cagey MM building a nice short position right now; and if volume gets any lower he might begin punishing those remaining short term traders that haven't taken their lumps already. Don't forget the runup from $1.5 wasn't due to sales or income figures, it was hype from the showcase presentation with a little Sony name dropping. I was long from 1.5 to 3 and wouldn't touch it again until it drops below 2. Sure I missed the majority of the run, but I had a GTC order set and fulfilled my goal. I'm generally an optimist, so don't tell me the train won't come back to pick me up.
Good luck.