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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: damniseedemons who wrote (2378)11/4/1997 4:00:00 PM
From: William T. Katz  Read Replies (1) of 27307
 
Sal, I actually was short just a few hours ago before covering at 45 1/2. YHOO short was making me increasingly nervous, esp. since I was just using it to hedge for another possible shake-out in the whole market.

I thought there was some possibility of a squeeze, but as you say, the size and speed of it is truly awesome. I had started shorting at 42 7/8 so I got burned like all YHOO shorts this week. Actually had planned on covering earlier yesterday but E*Trade was down again.

Previous top around 58. YHOO is getting more overvalued every day. After short squeeze to 60, wouldn't this be a great short again?
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