Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : RESISTANCE LEVELS- Ceilings & breakouts <30 min old -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (584)	1/26/1999 2:20:00 PM
From: WHL	Read Replies (1) \| Respond to of 621

Short interest actually has been drying up. Type in XYLN into the box at the following link: viwes.com When you said that short interest was huge- you scared me for a minute... When sufficiently big money is against you- like 10 mm shares short, for example- they will often pay for bad news reports, ratings demotions and negative coverage in order to hold the price down. (What ever happened to freedom of the press? The media has sold it to the highest bidder.) In other words it is generally a very bad idea to bet against large short interest. However, short interest on XYLN has dried up from 10 mm to a mere 4 mm in the last two months. These people were pretty stupid to wait that long- but at least they have the brains to get out and cover their position before XYLN takes off. It now appears that those that are left (some nappers I suspect) will be too few to stamp out any fire that might ignite.

To: WTSherman who wrote (584)	1/26/1999 4:30:00 PM
From: WHL	Read Replies (1) \| Respond to of 621

Today was a shakeout day for XYLN. Up and down, up and down. Hard to tell which way we are going- just the way the market makers like it to be. Emotionally weak hands fold under such conditions. But we are still in striking distance of the resistance level. And, a classic resistance level, it is likely to be.