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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: Mama Bear who wrote (2722)11/12/1997 6:25:00 PM
From: peter grossman  Read Replies (1) of 27307
 
>>When people on the same side of the trade as me quit talking about the trade, and begin only to talk about HOW MUCH their GOING to make, it puts my guard up. It's already in the bag, huh?<<<

Yes, I believe that Yahoo going lower is in the bag. Whether this puts your guard up or not is your business. This does not mean it's going lower tomorrow or next week, or next month, just that its valuation is simply unsustainable -- save at least three years of much better than the extraordinary growth already anticipated.

After today's action, I think a better short term (and safer) play than simply short Yahoo is an Excite Yahoo spread. But I feel pretty comfortable on the short side here.
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