Do you guys think it is stupid to short the top % gainers? I have found a little strategy that I think works very well. But I am not a seasoned trader and wanted to get your opinions. I have been shorting the top % gainers of the day. I figure what goes up that fast must come down. At least a little. So what I have been doing is shorting the stocks when I think they are at their peak. What usually happens is the stock will end up somewhere in the middle. What I mean by that is this. If a stock closed at $5 and then the next day jumps to $10 it will end up usaully around $7.5 give or take. Does anyone else do this? One really good example of this that has happened recently is CPSL. It was on the top ten % gainers for the day and then the next day it dropped. Any thoughts appreciated..