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Strategies & Market Trends : Shorting stocks: High fliers

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To: Mad2 who wrote (666)8/19/1999 10:15:00 AM
From: RockyBalboa  Read Replies (2) of 709
 
Mad2, unlike BVSN, the gorilla which eventually made $100, BEAS has sold off. Today sub $22 and selling in full force, the half way to go, at the time I mentioned it it was at $27 to $28 and made a small spike thereafter.

Does not look good. Old coney ISLD is empty on the bid, and stuffed on the ask side.

Earnings out:

"Enterprise software company BEA Systems
(BEAS) reported second-quarter earnings of 7
cents a share, one penny more than expected.
Revenue rose 53 percent to $103.2 million. "

#reply-10373676

Regards

is.

Because I tend to buy the dips, I maybe box this time and sell out later.
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