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Strategies & Market Trends : Shorting stocks: High fliers
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To: Q. who wrote (437)3/3/1998 9:21:00 AM
From: Tom Hua  Read Replies (1) of 709
 
John, All the internet stocks are overvalued based on FA. The top tier internet stocks like AMZN, YHOO are excellent shorts when the market turns, but for now they're WS darlings and I don't want to fight against them. The second tier internet stocks like the ones I'm shorting have not received as much coverage and attention on WS. They're also very volatile in both directions, and so I try to take advantage of that. I have been lucky shorting them after each rally and taking small profits (a few points).

Regards,

Tom
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