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: Roger A. Babb who wrote (12285)	7/8/1998 11:18:00 PM
From: Captain Jack	Read Replies (1) of 27307

Roger --- I have often thought of shorting the internet stocks but went long in YHOO at 192. Have been trading in the 180 - 190 range. I would not buy it to hold at 70 when I first started watching the sector. Thought of shorting then through 130 and gave up as the trend has been straight up. The short point has not yet been reached unless a person has very deep pockets and can go for a long ride holding dead money with possible calls. Possibly the 230 - 300 being talkied about will be attained. I have bigger cajones than most but try to work the assets on more positive prospects. I missed most of this run up and intend on catching some of the fall but IMO the time has not yet come to short. The rules have not changed just have taken a modification for the time being. I do not see 300 without a correction but would not say 240 and holding is not possible especially with a split on the way and another in the wings.

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