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Strategies & Market Trends : Shorting stocks: High fliers
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To: Mad2 who wrote (694)7/10/1999 3:06:00 PM
From: RockyBalboa  Read Replies (1) of 709
 
Thanks, Mad2, now I have understood.

I also would not pay $73 for BVSN, it is somewhat ridiculous, I'm glad I don't have to.

However, together with a perhaps vulnerable market in general (my take on your Index options story - a replay of Summer '98), the timing in BEAS is in favor of shorting it. It will report Mid-August and perhaps preannounce a tad earlier.

One other real high flyer is SCAI, something I do not really get. Like BVSN, SCAI made a new high but looks a bit overextended, now ahead $16 over its 65-DMA and $30, or almost 200% over its 200-DMA.
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