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: trouthead who wrote (18874)	1/22/1999 1:36:00 PM
From: Howard Hoffman	Read Replies (2) of 27307

<<So Howie, how much have you lost on your short position so far?>> I repeat, as stated previously, I am not short. I am long on puts. Very great upside potential (based on falling stock price) with limited downside potential (based on rising stock price). I have even taken some profits already. At this point I am still doing quite well, thank you. Remember I started calling for 276 when YHOO was over 400. I understand how the regulars, who are all longs, feel very protective of this board. At the minimum, this has been a costly correction. It probably is even healthy for YHOO, because the acceleration that began Jan. 6 was unsustainable. There is still a lot of downside potential here, much more than upside. The right shoulder of a head and shoulders is the suckers rally. My estimate is that there is still a 50% chance that YHOO is going much lower very soon. I took that probability into consideration in taking some $ off the table. Who knows, if YHOO forms a legitimate base, I could convert to a long. Thanks for the good wishes. Best of fortunes to you too. Howard

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