UPDATE: Syneron (ELOS) drops > 12% since recommendation for shorting

Since recommendation on Feb 20, Syneron has dropped more than 12%, sliding from its 52-week peak of $14.92.  The recommendation was based on the Hike and Slide model devised to capitalize on sudden major movement that puts the stock price out of line.  The anticipation when this type of deviation takes place is that price will eventually return to its normal level.  Following this model allows short sellers to identify targets, such as Syneron (ELOS), for shorting.