I do not see any good reason fro NVLS to go above $50 as well, but it is not the best short in the group, and if it breaks through $50, it could very rapidly run to the $53 or so area. I myself, just bought it this morning on the swoon down at $46.5 and am ready to take it off the table here at $49.5 for a $3 profit, it got to within $.02 of my sell price, and am going to monitor it closely. If you short it, I would use a stop loss either at $50.125 (make it "mental") or a "safe" one at $53.125.
Zeev
In edit, NVLS just got sold, you know the price, I presume. I also sold BRCD above $26 for more than $1.5 profit. Here is another system failure where some quoting systems show it went to $30(?) (Yahoo, FreeRealTimequotes, and few others), but where my own broker streamer does not show that price. |
