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: fut_trade who wrote (2163)	10/25/1997 3:23:00 PM
From: Peter Goss	Read Replies (1) of 27307

So what exactly is your point? Shorts have lost some money on paper, but they have not given up at all, and have in fact increased their positions slowly over time. You should realize that most stocks with high short interests have them for a reason - most short money is smart. It is a very dangerous assumption that high short interest is a bullish factor. When YHOO has returned to levels of 1/97 you will probably see a smaller short interest. What you should watch for is when that number goes significantly lower. That is a sign that the shorts think they have gotten as much out of it as they can and have covered. Dreaming of a short squeeze may make you feel better, but shorts are very patient, much more so than poorly informed longs who own a concept not a stock.

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