Savvy Trades and Investments

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CYBE continues its big run in the past month on no news. Shorted a few more. Funny thing is a lot of us liked this one earlier this year at $14-$16 when things looked better. Last month the stock dropped from $19 to the $15's when they gave weaker Q3 revenues guidance of $13M-$15M. Now the stock is soaring on no news from the company, and I have no idea why. They've announced zero orders this quarter (which ends next week), which sure doesn't bode well for Q4. They'll also face some impossible comps starting in Q1, and will start paying taxes next year...which will put a sizable dent in earnings. I was surprised when CYBE cracked $20. Now pushing $24. Guess another example of how momo traders love to chase at a 52-week high in this hot market.