Shorting YHOO Message Board

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Technology Stocks : Shorting YHOO

YHOO 52.58

0.0%

Jun 26 5:00 PM EST

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To: John Stockman who wrote (76)	10/19/1999 9:00:00 PM
From: Stephen M. DeMoss	Read Replies (1) of 108

I actually am baffled by today's action. The pattern was down from the day YHOO reported until today's report on inflation was 'in line'. No one cares about the PE's. Frankly I don't care. The reason I am short the stock (average 180) is seasonally, the internets normally sell off after YHOO's earnings and trail off in price till next earnings season. The rising interest rates may still reverse the price action and yes, there is a chance of a strong correction in the markets over the rest of this month. I will wait AOL's earnings tommarow and a couple days to see how interest rates play out, and then exit my position IF YHOO continues up. Give the YHOO bulls their due. I would NOT be buying here but someone is <G>! Good luck to all long and short the stock. Steve D.

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