IT Manager’s Journal: Why SCOX Price Has Been So Up and Down

“The SCO Group (SCOX) has been all over the stock board
recently, and we thought an explanation was in order.

“Just before my first column about SCOX, the stock had closed
Feb. 13 at $13.63. I wrote that ‘…[recently] it broke a key level
of support around $13.5-ish, establishing a down trend and putting
in place a five-month top. SCOX is looking to test the next
important area of chart support–at around $8.5 to $9.’ I also
wrote that I would not be ‘long’ in the stock–or to put
differently, I would be short or sit on the sidelines for a
while…”

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