Shorting stocks: High fliers Message Board

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Strategies & Market Trends : Shorting stocks: High fliers

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To: Q. who wrote (439)	9/15/2000 11:42:33 AM
From: Mark Marcellus	Read Replies (2) of 709

On 3/15/1998 Ñ said: TSS is a credit card processing firm. It is really flying high now. After yesterday's shot upward to 29, the p/e is 81 on trailing twelve months earnings, and 67 on estimated on estimated 12/98 earnings. All this for a company that will have maybe 20% growth rates ahead of it No posts since 1999? I guess nobody shorts high fliers any more. 2 1/2 years and a three for two split later, the price for TSS has come down a little and the PE has come down a little more as the company grew into its valuation a bit. Just curious if you're still short this company, and what you think a fair price would be these days. I know you once said that you were prepared to be very patient with it until it fell down to a reasonable valuation. To give you a clue as to how patient I am, I went short this stock a couple months before you originally announced that you had (back in the TMF days, IIRC). I came within a hair of covering a few years back, but it went back up and I'm still short. If there is such a thing as a "safe" short, this is it IMO. Just don't look to make a quick profit.

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