I think VISX is extra strong because this is a momentum market like never seen before. And in the past few days all the normal big names,
except some internets, were either dumping or flat. There was a temporary vacuum for hot stories and VISX's news came at a perfect time.
How often does DELL crap out? INTC, CSCO, you name it.
Money flowed to one of the best current stories, VISX. Let's not
act so surprised folks. Huge earnings story, emphatic upgrades, and fascinating technology that everyone can relate to .... especially with an aging population. Not a bad package for a starving mo-mo traders.
And NITE, what is that all about? Why the surprise that it hasn't tanked yet? Why, in this hyper trading market should a premium market maker 's stock go out of favor so fast? Regardless of the insider selling, etc, it's still a player in the internet mania, no?
Maybe there are some good reasons to short these, but not with my money. (I covered VISX quickly, didn't touch NITE).
These aren't fly by night hyped up stocks.
Will they fall? Sure, maybe today , maybe tomorrow. Time will tell.
I mean no offense, just trying to help focus on the task at hand--
shorting the crap stocks on fluff press releases!
BFLY, do me proud!
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