High-Flyer

High-Flyer - A High-Flyer is a heavily traded stock selling at high price-earnings ratio. High-flyers go through a period of very rapid rising prices when news about the company, corporation, and industry which they operate catches the investing public's fancy. Unfortunately, however, most high-flyers eventually come to earth with plunging prices when investor's expectations are shattered. A stock certificate trading at high valuation based on traditional measures such as price earnings ratio. High-flyer is very volatile. High priced and highly speculative stock move rapidly up and down over a short period. Generally glamorous in nature due to the enticing capital gains potential.