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: Bill Wexler who wrote (3040)	11/20/1997 9:12:00 PM
From: santhosh mohan	Read Replies (1) of 27307

Its quite futile trying to discuss fundamental valuation in a manic market. With YHOO you have a stock which has a float of about 6.5 million, and as of Oct. 15 nearly half of it was short-sold. So it does'nt take much to short squeeze when you have a general market rally. There are the usual sell-side analysts recommending the stock, having either handled the initial IPO or salivating at the prospects of handling the secondary offering. I'm pretty sure every person who is buying this stock now is a trader who expects to unload at the first sign of trouble. Problem is this type of stock will open down a minimum of 25% or so, when trouble surfaces. Question is how much staying power do the shorts have? Does feel like the Charge of the Light Brigade at times. - just another shell-shocked threader.

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