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Pastimes : Ask Mohan about the Market

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To: Bill Wexler who wrote (9055)11/23/1997 8:55:00 AM
From: Zeev Hed  Read Replies (3) of 18056
 
Bill: "I have. It's called YHOO". I hope that you make money on it, the chart sure looks toppy and somewhat distributive, but it also looks as if it refuses to break down. You might go through some "wrenching time" when the "traditional" year end rally comes upon us as well as new monies come into the market in January. This new money will have fewer "unbroken" stock to go into and thus amplify the rally. If I were to short YHOO, I would wait until the end of the first or second week in January.

Zeev
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