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: eric her who wrote (11342)	6/24/1998 4:30:00 AM
From: OtherChap	Read Replies (1) of 27307

tomorrow may be tricky. the stock has soared the last three days, so everyone assumes it cant do it again, and probably took short positions very close to their margin limits before the close today- and the market makers know this- they also know if they can just apply one more squeeze they can force them ALL to cover. remember, for everyone who buys the stock (hordes of small investors, most blocks were less than 500 shares) there are institutional investors selling their inventories to them. they know what's up. the question is, who is going to be left standing when the music stops? even the CEO knows the stock is going to collapse, thats why they issued the warning last week saying they werent going to make a dime of profit at all this year. he doesnt want to spend the rest of his life getting sued by investors so he is covering his ass. one more day of runup, possibly, then the game is over for the most overpriced stock that ever existed on nasdaq.

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