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Strategies & Market Trends : Shorting stocks: High fliers
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To: Dante Sinferno who wrote (478)4/9/1998 12:18:00 AM
From: Q.  Read Replies (1) of 709
 
Rob, re. <<GTAX - Stock is looking very weak to me , I'm short at 14 >>

Ouch. Closed at 17 today on very high volume with no news. This high flyer is still flying.

I think I'll wait until it's a sure thing with the warrant call. And if I never succeed in learning when the call will be, I'll forget about it.

I wonder, though, who is buying this p/e 44 stock in an industry with little barrier to entry. Somebody somewhere is surely touting this stock, but who?
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