Shorts waiting to happen Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Shorts waiting to happen

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Charles P. Hubbard who wrote (780)	7/4/1997 7:35:00 PM
From: taLuis	of 852

SEBL could climb some more. It could hit $40 before earnings. Remember, it's a very strong company (some are comparing it to PSFT two or three years ago), and has a small float (2M) which can cause the stock price to continue to skyrocket. On the SI SEBL thread, they have been able to justify an upper stock price of $35. That is, if earnings are exceptional this quarter. Which might happen, the way this company is going. However, anything less than exceptional earnings will cause this stock to drop into the $26 to 30 range, short term. The next several trading days will be critical. If it continues to climb then prepare to short it above $38. Look for a topping action before you do (i.e., below average volume, and little to no price increase). OTOH, if it settles around $32 to 35, I wouldn't bother with it. There's just too much positive sentiment in this stock to risk it. Luis

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next