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: Najib Mehanna who wrote (14466)	10/7/1998 10:54:00 PM
From: Estimated Prophet	Read Replies (1) of 27307

Now that was the first well-reasoned post in about the last 50. Best not to judge the future (ie, tomorrow) based on a few people who are hoping that by saying something 50 times, it must become true. I just read the cnnfn.com take on the earnings report and it is totally positive. Having been short this stock before, I know the rationalizations and contortions that one put oneself through to try to explain away what is obviously good news. Anybody who was long into earnings is unlikely to engage in the same sort of contortions to justify selling the news first thing in the morning. Any uptick makes shorts a helluva lot more nervous than it makes people who held their long positions in an obviously risky situation. Especially so for those who have been there before and know that despite all their rationalization, the stock can take a lot of their money in defiance of their short logic. So I'd bet that an up day will be magnified by short covering. I'm long now. But short? been there and done that too. Who can honestly tell me that the internal logic of the shorts is other than I have stated?

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