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: scott harrison who wrote (4546)	12/16/1997 4:38:00 PM
From: Bill Wexler	Read Replies (2) of 27307

See what happens when you speak too soon? :) I had to laugh when I watched YHOO near the close today. i really don't believe there are any long-term buyers at these levels. I'll make a wild guess that a lot of small short sellers are taking losses before year end and the stock is being SOESed to death. I'm still short and I still don't intend to cover. I didn't short any more today (when I saw NASDAQ blast off I put in a limit order at 61 1/8). If the stock doesn't start decaying in early January, I may sell a few puts to hedge - particulalry since the premiums are so lofty.

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