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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: fut_trade who wrote (1079)7/30/1997 9:40:00 AM
From: Triluminary   of 27307
 
Peter,

-- could be open season on the shorts!

Could be right. We'll see.

I shorted at 49 7/8 and covered at 47.5. Made some lunch money. I covered when YHOO seemed to hold the 47 (to the downside) point plus the short interest not decreasing significantly seemed to confirm my call. So I am on the sidelines. However, I have not changed my view that this company is overpriced. It will be interesting to see how the stock reacts to the news. Up because 3-2 split or down because of $21.2 mill charge ($0.74) loss per share or even because of both?

Regards,

mark_b
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