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: Jan Crawley who wrote (18157)	1/14/1999 1:16:00 PM
From: Simon Withers	Read Replies (2) of 27307

>Hopping that you are right. Sold 100 long shares at $382, just >bought back at $362. I am short 100 shares too. Hang on, if you are 100 long and 100 short, then for every dollar you gain on the swings, you lose one on the roundabouts, unless you've discovered some bizarre kind of perpetual motion, lead-into-gold alchemy! The only reason I can see to be in this position is either to avoid paying taxes (and I can well understand why any YHOO longs would feel that way), or in order to be able to talk in the bar about your big positions without actually carrying any risk. Am I missing something here?

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