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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: HG who wrote (19021)1/24/1999 10:45:00 AM
From: tonyt  Read Replies (1) of 27307
 
>I would think the 445 price was achieved due to pressure on short sellers
>to cover their shorts.

Of course short covering added to the buying, however the 400+ price was achieved due to the anticipation of a blowout qtr and a split of at least 4/1. It is not a coincidence that the 440 was achieved the week before earnings, and the week AMZN hit $200 due in part to its 3/1 split.

And shorting YHOO is a never-ending process. There were many short postions established at $400+ (however, many have since been covered)
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