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 Harmond who wrote (3819)	12/7/1997 7:48:00 PM
From: Peter Goss	Read Replies (1) of 27307

Back to our regulary scheduled program: I think the futility of shorting YHOO that is expressed over and over and over here has arisen because we are all frustrated with the lack of rationality in the market. The main cause of this irrationality is way too much money looking for a home and finding it wherever it can. That WILL stop eventually and then all of these pigs will burst (imagine the mess). The problem is that it may go hugely up in the meantime. If you want to short it, wait until the break finally comes and then pile on. Or plan to be very patient while Bill and Peter and all the gloating longs cheer for a while longer. The shorts, who haven't followed the "wait for the break" scenario keep getting gutted by the liquidity knife. To be honest, I thought we had it in October and am holding some fairly worthless puts right now. It will be like IOM and ZITL and any other garbage that Wall Street has foisted onto innocent grand nephews, but probably not soon. Wait for the break - so what if you can't tell everyone you nailed the top. Peter Goss

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