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Technology Stocks : Shorting YHOO
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: radames who wrote (84)10/22/1999 7:49:00 PM
From: Stephen M. DeMoss  Read Replies (1) of 108
 
I agree that it is frustrating! However, the longs are worried too<G>! Since earnings it is down 15! I did think the IBM should have brought it on. What might bring it? The rumour is that CSCO will dissapoint. That is why the Naz sold off at the end. IF it does, that will be a blow to internet companies because it IS the internet! It was also encouraging to see the nets have a slightly negative day on a day that the dow was up 200 and the naz up 40 (intraday). YHOO was down all day except the first hour. Are you running out of time? ie. which puts do you have? If Nov., maybe roll them over to December and take a slight hit on buying another month. I think if CSCO has problems, we will see YHOO in the 150's-160's that day. Did you see INKT today? Met earnings but with a downgrade, fell 17. YHOO can do that if CSCO dissapoints. Hang in there! Steve D.
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