I may look at this when it gets back around 27 bucks a share. Good company, ridiculously overvalued stock price.
Right, but this is a machine traded stock between 30 and 38.The gaps up and down have nothing to do with news flow, and you can have 1-2% gaps within minutes.
No kidding. This is one of the most high beta stocks ever, therefore trading it can be dangerous. Nevertheless, i have been short and long, and had puts and calls on the stock at different times. It is getting kind of frothy again. Almost went to 39 today. Wouldn't want to be left holding the bag the first time that they ever have a disapointing quarter, or even month.