Shorting stocks: High fliers 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 : Shorting stocks: High fliers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Q. who wrote ()	3/21/1998 8:47:00 PM
From: Ken Brown	Read Replies (1) of 709

SIEB: Talk about a high flier! Wow! And talk about overvalued. Wow-wow! Excuse the lame exclamations, but this one has "short squeeze" (or frenzy) written all over it. Float is only 100 or 200k. They're going to split 4:1, to increase the float to meet new NASDAQ requirements. Trading at a 9 PSR, 25x book, and similar other outlandish numbers, this one is guaranteed (oh-oh) to be lower than its closing price of 45ish a few days, weeks, or months from now. Of course, you have to be able to borrow and hold the shares, which may not be easy. Especially if the run continues. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next