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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: LRS who wrote (4969)12/23/1997 12:49:00 PM
From: Eric Klein  Read Replies (1) of 27307
 
The sentiment on this thread is interesting. Earlier this year DDIM (Data Dimensions) was near $40 and making new highs every day. Shorts were bailing right and left. The next stage was a sort of gallows humor. People were forming 12 Step groups for speculators addicted to shorting DDIM. It was really funny, even for me and I was short 1500 shares at an average of $27 per.

DDIM crashed, and so will YHOO, although it might crush the current shorts before it crashes. The old Crush before Crash.

For the big holders of YHOO, they must know that this thing will be coming down. How can they possibly unload their shares before the inevitable? I guess their best chance is to squeeze the shorts and force them to buy, but... With the increasingly serious situation in Japan, nevermind the fact that S Korea is a day or two from bankrupcy:

From the WSJ:
>>
South Korean Markets Plunge As S&P Slashes Credit Ratings
South Korea's financial markets plummeted on Tuesday as Standard & Poor's Ratings Group weighed in on the nation's credit standing, slashing the country's rating to a level equal to many far less developed countries.

The move late on Monday by S&P, one of the most influential ratings agencies, followed a similar aggressive downgrade of South Korean ratings by Moody's Investors Service Inc. earlier in the day. Both agencies have assigned junk-bond status to South Korean debt.
<<

The speculative froth has been taken off the top of a number of groups so far this year. The Internet group is overdue.
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