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

To: RockyBalboa who wrote (593)	12/1/1998 10:37:00 AM
From: Q.	Read Replies (2) \| Respond to of 709

BFLY is going crazy today. At 24, up 70% so far, and volume is so high that it looks like the whole float has already traded today. The typical trade is a few hundred shares, so this is retail investor mania. It is acting like a bubble stock. There's just no way to know when it will break. I sold my warrants at 17, when the stock was 22, so I'm now short the equity without any hedging. I just hope I don't get my shares called in. With this small float and this much flipping going on, there's no way to know if the shares I borrowed will be available tomorrow.