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Strategies & Market Trends : Roger's 1997 Short Picks

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To: McNabb Brothers who wrote (8770)12/23/1997 11:00:00 AM
From: craig crawford  Read Replies (2) of 9285
 
<< We are short YHOO in a big way and added to the position today! >>

YHOO will fall eventually. But it looks like a short squeeze is ruling the roost for the time being.

I seem to recall a large percentage of the small float was short this stock.
Anybody have current figures off the top of their heads?

My rule of thumb for shorting high fliers is decide on fair value, double it, and then maybe that's when you should START to scale in your position.

What's the consensus for YHOO's fair value? 10? 20? 30?
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