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Strategies & Market Trends : Shorting stocks: High fliers -- Ignore unavailable to you. Want to Upgrade?


To: Mad2 who wrote (661)7/3/1999 9:45:00 AM
From: RockyBalboa  Read Replies (2) | Respond to of 709
 
Mad2, one on my radar. BEAS, BEA Systems has been shaken in mid December 1998 ($8), but regained all of the losses and set a new high on Thursday. On Friday it was weak but nevertheless closed on a small gain. Something is in the making. Quite a short interest already (shrs 3MM are shorted.)

biz.yahoo.com

I do not see flies yet, it "looks" overvalued, despite it managed an impressive top-line growth. I expect it trading lower after mid July.

In May the first 2 insider sales have been filed, although not significant size yet.



To: Mad2 who wrote (661)7/3/1999 10:11:00 AM
From: RockyBalboa  Read Replies (1) | Respond to of 709
 
Is Monday a holiday in U.S., eg, exchanges closed?