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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: Ty who wrote (8879)3/27/1998 5:20:00 PM
From: Frank Z  Read Replies (1) of 27307
 
>Frank Z, do you still have your short position at 80?

Yes I Do. As a matter of fact, I am slowing accumulating YHOO short position. To play short is like playing long, you have to have patience. I have made many losses in investing stocks for the last few years. One of the common mistakes is lack of patience.

>These stocks are like pyramid schemes. There are a group of people who just keep buying and selling at a higher price to each other. As time goes on, the distribution of the stock changes so that almost everyone has bought in at a higher price. There is no pressure to sell (ie, no threat of bad news) so most people won't sell at a loss and you never see those lower prices again.

I agree. But the pyramid schemes will eventually be lost to fundamentals

>There is no pressure to sell (ie, no threat of bad news) so most people won't sell at a loss and you never see those lower prices again.

No. If they play pyramid schemes, they are as anxious as shorts.
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