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: HiSpeed who wrote (15064)	11/10/1998 3:52:00 PM
From: Smart Investor	Read Replies (2) of 27307

Yes. I am very happy that I got my short filled today at $180, even though not at the top. My next target is $200 as I said before. At this point of the market, I intend to turn my long position in many stocks which went up more that 50% in the last 2-3 weeks into short positions of some bubble stocks. I plan to close my short position in the next 2-4 weeks (maximum 6-8 weeks) with another 50% or so profit, then turn long again. I believe the market will crash either by the Fed meeting (when Fed decide not to lower interest rate) or next January. I like this game, it is fun as long as you stay ahead of the MMs. At this point, they want to push the net stock as high as possible by squeezing the short, then unload their huge position and turn short, make huge amount of money in the process. So if you have adequate capital, then you can go one step ahead of the MM and make some decent money (maybe not as much as these guys, but you will not lose money. The sure way to lose money is to follow them.

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