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Strategies & Market Trends : Roger's 1998 Short Picks
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To: McNabb Brothers who wrote (257)1/6/1998 6:55:00 PM
From: Ploni  Read Replies (1) of 18691
 
I covered 1/2 my YHOO short today at 63 3/8. I had shorted at 57 5/8, so now my break-even point is lowered to 51 7/8. (Actually, I also own a few Jan 60 puts, so if it tanks in the next ten days, those will help.)

I had shorted too much YHOO to start with, and was quite nervous by the climb over 70. Now that I've reduced my holdings to a more reasonable level, I can breathe easier. I was also alarmed by today's rise during an off-day, and wonder if the stock will again bounce to 70 or beyond. If it does, I may then short more at the higher price.

I also re-shorted AVNT today, after shorting and covering for 5 points a few months ago.
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