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: JR Medlar, 2nd who wrote (9681)	4/9/1998 6:39:00 PM
From: Michael Collings	Read Replies (1) of 27307

By reading over the thread today I can see few longs sold into this rally. Luckily I covered my short this morning and I am sure I was joined by hundreds of other shorts today. (I did buy a few October 100 puts at the close because I would feel almost naked if I didn't have any position). I doubt there was much new shorting going on since borrowing shares on a day like today would have been very difficult. Most brokerages just won't lend them out when a stock gets this volatile. But since so few individual investors were selling today with dreams of $150 to $1000 and splits to eternity, then who were the sellers? Like I mentioned getting shares to short would have been very difficult today. On a day with 11 million in volume, does that leave "Institutions"?

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