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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (19082)7/29/1998 5:35:00 PM
From: Chuck Molinary  Read Replies (1) of 50167
 
Ike,
Covered my short on YHOO this afternoon for a nice gain. I probably should have let it run a bit but I definitely wanted to be out before Friday when she splits. I'm thinking that the split will induce some novice buyers to jump in and push it north for a while. But after that I foresee a strong southerly front moving in.

Hopefully I'll be able to judge when the momentum is changing.

Then again, I could be wrong and it may fall to $140 tomorrow....

Are you short this or any other IIX stocks? Are you long puts? If so, do you have an exit strategy?

Thanks,
Chuck
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