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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: Rational who wrote (5490)1/2/1998 1:10:00 AM
From: OtherChap  Read Replies (1) of 27307
 
Yahoo will lose 10 points tomorrow. Everyone who is sitting
on 500% gains for the year were waiting for Jan 2 to sell,
so they wouldn't have to pay massive income taxes on that
money in 4 months. Now they'll have 16 months to pay them,
when they sell tomorrow.

And the few people that _dont_ sell at the market tomorrow
are going to start dumping their shares when they see the
price plummeting towards 30, and this will just cause the
price to collapse further. This could be the biggest 1
day collapse since oxford health.

Even Yahoo's employees dont think the share price is realistic.
A few months ago a yahoo engineer lost a bet and had "Yahoo!"
tattooed on his ass because he didn't think there was a
chance in hell it would ever reach that level. If their
own employees can't believe it, why should anyone else?
(note: i did not make this up, the story appeared on news.com)

The only reason Yahoo hasnt collapsed yet is because nobody
wanted to sell until Jan 2. That is the _only_ reason.

I am shorting this stock to the hilt, and I expect to make
30% in the next few days, at the very least.

By tomorrow afternoon you wont be able to find any shares
left to short, they will all be taken by big momentum
players jumping in to ride this lead balloon all the way
to the basement.

BTW- I predicted a rise last week in Infoseek the night
before it rose 40% in two days. We'll see tomorrow if I'm
batting 2 for 2.
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