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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: Bill Harmond who wrote (3601)12/4/1997 6:08:00 PM
From: Mama Bear  Read Replies (3) of 27307
 
Apparently we see this stock from our respective points of view and only time will prove which is correct. The volume isn't there to support this price, When it hit 55 today it didn't take long to reverse. I think the ask was at 55 for about 3 seconds. I always feel sorry for whoever bought at that price, in that situation. I think all good news is discounted through 2002. I think there is no room for Yahoo! to make a mistake. I think there is no room in Yahoo!'s market cap for a market decline. Of course you have to agree with this, as we've seen firsthand what Yahoo! shareholders do when Mr. Market gets cranky.

I didn't make any money today because I didn't cover this morning and resell at 55. Or better, cover, go long and then short. I'm still waiting for PCQuote to get my exchange forms and to start the data flowing on Level II. Perhaps tomorrow, we shall see.

In the end I hope we both make money on this thing. That is possible, and I think the best of both worlds. I know you have a nice cushion on your long position, probably similar to mine on my short. I just don't see the volume confirming the move up. I know I have this habit of thinking a stock will never go somewhere again. When it was in the 40s I thought it would never see the 50s again. Now that it's in the 50s I sometimes think the 40s (30s) are a memory. I know better.

FWIW

Barb
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