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: damniseedemons who wrote (9181)	4/7/1998 9:51:00 AM
From: Oeconomicus	Read Replies (3) of 27307

I sold all of my stock position while simultaneously buying Apr 90 calls. So really there's no change. As noted, I did it to cover downside just-in-case and to reduce margin. But more importantly, it's to give me room for further leverage ahead of earnings. You should thus interpret my move as being bullish... Nice spin, Sal. Selling is now bullish because you did it to reduce risk, so don't worry folks - we're still going higher. Sal, what would happen if all the perma-bulls sold the stock and bought calls? Would that be bullish? Perhaps shortly afterward, 'cause the stock would crash in the process, possibly even to a level where it would be fairly valued based on real fundamentals. Bob

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