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Strategies & Market Trends : Shorts waiting to happen
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To: Mike 2.0 who wrote (135)6/4/1996 7:58:00 PM
From: Cadaver   of 852
 
CALL: Looks like this thing has got some steam left. Period. Stock has been recently upgraded by JP Morgan, NatWest and PaineWebber. Buying interest maybe because of this. Price target is expected to be $30. Looks like buyers hope for more. (It's like when USRX is expected to hit 125 by year end. Buyers expect 200.)

The sharp increase in price and falling volume indicate an imminent correction. I have no idea about long term prospects of this stock or thier technology. Short term, it may be worth waiting till it begins to drop for a short. Even if the stock is strong, it wont advance without a correction.

The chart is very strong from Feb 1st to Apr 1st. Looks like chart was dormant Apr through May end and has burst through suddenly. Stock might go higher before correcting.

Comcast's selling doesn't mean much. Maybe they need the money for R&D or whatever. Maybe they have some other investment ideas.

Short term: The moment it begins to correct, short it and buy back when volume falls.

Long Term: No opinion due to limited knowledge of this company. A short/put is the way to go for a long term short if you think it is overpriced. However, it's better to wait until the trend changes to maximize profits and minimize risks.

Cadaver
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