Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Director who wrote (24290)	10/13/1999 6:43:00 PM
From: Stephen M. DeMoss	Read Replies (1) of 27307

Nothing goes straight down. When I bought yhoo last quarter, I waited till it dropped $30 before buying. It had blowout numbers last quarter too!! I thought it was a great buy there. It did what it might do tommarow (and today's action) before continuing down to 110. This time I will not touch it till a few weeks before earnings. By then it will likely be at least 25-30 lower than here. BTW, on the past performance of selling 8 of 8 times after earnings, does this count as 9 of 9 or did the initial run to over 190 minimize the fact that it has dropped another 23 points since then and is now 8 below the price of last Thursday? I do believe there will be a number of fake out rallies to the upside. That is how the MM's pay for the premiums on puts. If the market crashes in the next couple weeks, YHOO will be at 125 or lower. Watch the higher highs and lower lows. All week so far we have had lower highs and lower lows. I'm glad you made money. I had sold naked puts on the stock last week which expire Friday (150's) and own Nov. puts which are now in the money by about 4000. Good luck and don't get sucked in till about Nov. 28. Steve D.

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