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: craig crawford who wrote (7646)	2/26/1998 8:03:00 PM
From: Michael Collings	Read Replies (1) of 27307

Here's something interesting...... anyone notice the April 40's today? 1525 contracts traded. Lets say back in December, someone sold them and now decided to buy them back. The specialist would have bought the contracts and then shorted the stock. Today the specialist would have bought back those shorted shares and then sold the option. Interesting way to create a short squeeze. This would have accounted for 305,000 shares of the volume today. Considering there is still over 4000 contracts left to fill (over 800,000 reportable volume), this could be some ride! The last 1250 contracts were purchased at over 28. But it also means this squeeze, although it may be pretty spectacular, it will be short lived. This could be a great exit area for all you longs. Should see mid 70's at least, maybe higher if the rest of the shorts panic out too. It's kind of fun to watch. I'd really appreciate it if someone long would explain to me how Yahoo will make its earnings numbers this quarter (4 to 5 cents). Because if that number ain't there it will wreck havoc on the stock in April.

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