They will open this up at $21 or so, make a brief run to $21.50 from 930-945 am or so, and just when everyone thinks this will rocket higher, they will drop it from 945 am to 4 pm all the way down to $18s.
Thats why, I have no position right now, but will wait for a nice TOP at 945 am tomorrow to SHORT. I just feel sad that so many longs are falling for this gap up. For longs, there is never a time to sell and cash out. tops are never a selling pt. for longs. they keep holding and lose it all. thats the tragedy.
I would advise you not to short this one. It is a well run company, and the price lost half value after last quarter disappointment. A big move up is just to cover part of lost value in the last three months. You may have a chance to earn a penny by shorting, but you take risk to lose your house. There are plenty of stocks out there are better for shorting than PLCM.