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


To: Mad2 who wrote (691)7/10/1999 2:12:00 PM
From: ynot  Respond to of 709
 
BVSN financial reports due soon will tell the story
right now the earnings reports and customers claimed tell two diverging stories
i have posted some of my opinions on BVSN thread
there are probably better shorts now, definately better longs
on a big spurt up i will short, no question there :)
good luck
ynot ;)



To: Mad2 who wrote (691)7/10/1999 2:18:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 709
 
Mad2, you mentioned BVSN. As a short I guess?

BVSN looks really richly valued, but it has some sort of gorilla appeal. It did not lose much in market slump, and always recovered and stayed ahead of important technical support points. It consistently makes new highs after weaker periods.

Back in January when it reported I got to know the first impressions in BVSN trading with limited sucess, when I shorted at $41 on the day prior reporting day. I rode it up 6 points, and covered for a wash when it sold off back to the $40 level the other day. Since, it was not much to earn on the short side, except after the frenzied April level and the following sell off.