Travel Zoo, TZOO up 42% today on earnings (chart). This was one of the most shorted stocks of all time. Many a novice short seller lost their shirt on this stock during its halycon days. Shorting something just because it is over valued is not a sound strategy. Remember back to Sir John Templeton's looking for a trigger for selling short, not going on valuation alone. Momemtum can and does often carry stocks or commodities well past their fair value. Speaking of value, an interesting value play in the same industry is Priceline PCLN (stats), with a low price-to-sales and low price-earnings ratio.
Lots of stocks reporting, lots are moving. It is difficult to track them all. Here is a link with dollar gainers (not percentage movers). INFY Infosys Technologies reported yesterday. It is a software company based in India (profile). What cracks me up is the stated salaries of their top executives, $27k a year! Of course with stock options it is many multiples of that, but can anyone imagine.
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