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

To: Q. who wrote (469)	3/25/1998 8:35:00 AM
From: Dante Sinferno	Respond to of 709

<<In the past, when I've seen this, the stock has dropped hard for about one day, and then it often recovers quickly. I'm not sure why the response is so rapid.>> Niagara (NIAG) was like this and I believe the rapid bounce up is most likely due to an institution taking a long position at the "bargain price". I'll agree this play is not a lock , but definitely worth watching to further our collective education. My short is small at this point and I have a limit in to cover at a point several points below the current price to snag the drop if it's quick and short. Thanks for your input. Rob