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: MR. PANAMA (I am a PLAYER) who wrote (14549)	10/8/1998 7:29:00 PM
From: Bud Fox	Read Replies (1) of 27307

Tommorrow we should fill in the gap up to $110. Lately, fridays have been up days as traders cover their short positions before the weekend. Especially, now that a RUMOR is spreading of another rate hike. That's why MER,LEH and the other banks/brokerages shot up at the close. Come Monday, I think its more downside. I solid break below $100 would be a good SHORT term shorting opportunity. However, when the market finally bottoms at the end of this month, Yahoo will rocket back up. And remember, there is a large short position on this stock. I wouldn't press my short position beneath $85. Sorry to say, the upside is limited near term. Shorting has the best opportunity. Good Luck

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