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 (7980)	3/7/1998 10:51:00 PM
From: Bill Harmond	Read Replies (1) of 27307

>>I know a couple of private investors that can afford 10,000 share blocks of YHOO. Do you think a private investor who has grown to afford a 10,000-share Yahoo short could reasonably be expected to actually short that much currently? From the trades BigB posted, it looks like it costs an automatic $7,500 premium to cover that size at market. That's a couple weeks at the Paris Ritz. I think someone with those resources recognizes that a) the overall market is legging up so the business of shorting is risky to begin with, b) profit prospects for his $800,000 in this market favor taking a long position somewhere, and c) Yahoo's relative strength makes any shorting during this rally look like a poor choice. I can afford to take a 10,000 share long position in Yahoo (and apparently I'm only one of a handful informed Yahoo bulls in the world), but no way. That's too much. There are too many other fish.

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