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: Mama Bear who wrote (1673)	9/27/1997 11:29:00 PM
From: fut_trade	of 27307

<<Peter!>> Sorry, but you can't short me! <<I pointed out that YHOO! was down from that point, although you said it was up. Yes, I forgot the 13th and 14th was a weekend, but YHOO! still was up to 54 on 9/10. Now you put out #'s from 1/97?? What does that have to do with your above statement?>> I study short interest from month to month. YHOO is really fascinating to me. When a heavily shorted stock runs up and the short interest gets "used up", then I think the stock has a good chance of crashing. But the short interest has not decreased -- in fact it has increased a little according to the data that is available. That was my original point. I don't know what the short interest was during that recent drop or what it is now, so I can't really address your statement until next month. To make a long story short the run-up to 50's doesn't appear to have been accompanied by a decrease in short interest. At any rate I think we are finishing a short consolidation period before the next move -- either up or down. I think it will be up, but I will play it both ways. It seems that whenever shares become available to short (old shorts getting out or insider sales) some hard core shorts jump right back in. I think the impact of the small YHOO float on YHOO market dynamics is not being appreciated by the shorts. I see no reason why YHOO won't go up some more -- there seems to be insufficient supply for the demand. Peter

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