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 (3733)	12/5/1997 10:54:00 PM
From: Bill Wexler	Read Replies (1) of 27307

Don't rely on the short interest to send Yahoo higher. It didn't work for Avant! and it won't work here. IMO the Yahoo short squeeze can not go much further. The reason the stock is at $56 is because someone has been buying. My guess is that (at most) 3 or 4 institutions/market makers are cornering the stock. Sooner or later someone is going to take some chips off the table because I can guarantee you that the person(s) holding at 56 understand damn well that they are hanging on to a hot air balloon by a thread. If you feel that Yahoo is an outstanding value at these prices, then by all means buy more or keep holding your long postion; however, my gut feeling tells me that a lot of people were suckered over the last 2 weeks or so. When the rug is finally pulled, you're not going to believe how fast the bid decays.

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