Sold ZIXI at 2.47 and 2.44 for 14% gain.

Sold ZIXI at 2.47 and 2.44, at 15:05 and 15:06 respectively, for an average price of about 2.45 and a gain of almost 14.5%.

Until this afternoon, I thought ZIXI was a busted play like MXO because it failed to move. In fact it took a substantial down turn after I initiated my position on Dec. 27. I knew (see previous post) I pulled the trigger early, so luckily I had the sense not to put too tight of a stop on it. On Jan. 4 the stock turned up but still closed at 2.04, below my entry price of 2.14. I was thinking today about cutting my losses. The stock shot to an intraday high on news and, luckily, I exited near today's high, the stock closing well below it.