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Strategies & Market Trends : Shorting stocks: High fliers
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To: bob s who wrote (594)11/30/1998 10:17:00 PM
From: Tai Jin  Read Replies (2) of 709
 
Bob, the runup in the last 30 minutes was due to the fact that their CEO will be on CNBC tomorrow morning. This is a well-known phenomenon. As for valuation, they are overvalued like all the others. Keep in mind that it is mostly daytraders and momentum investors driving up these stocks. When they leave, the stock will fall. I'm looking at it as a short candidate after the interview is over. The only thing to watch out for is the small float.

...tai
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