Altaba Inc. (formerly Yahoo) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: fut_trade who wrote (4683)	12/18/1997 1:55:00 PM
From: IKM	of 27307

Peter, I've been short for a while, and haven't chosen to sit out. My guess is that the short squeeze has already occurred. I don't have Level II, so I can't say for sure, but a lot of the activity in this stock lately looks like the MMs passing the ball around. The spreads have been horrendously wide but still we see a lot of small trades crossing that great divide on a regular basis, even when on average it's trading flat for a while. I don't believe there are that many stupid buyers and sellers ready to eat that much of a spread when there is no clear trend. So my supposition is that they are creating the illusion of liquidity. Lack of liquidity lets a stock move suddenly in one direction or another when there are committed buyers or sellers. The last big move was up, and I've got to believe a lot of shorts bailed to protect their gains from the last big drop - with hindsight I wish I had too, but you pay your tuition. Now the same should happen to the longs if we get an accelerating move down. Just my half-brained opinion.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next