Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Wisdom who wrote (22582)	7/7/1999 7:47:00 PM
From: Typhoon	Read Replies (5) \| Respond to of 27307

I shorted 5 yhoo july 180 calls for 5 3/4 naked just because I think the internet bubble has burst and that somewhere in here the run up in these stocks will end and you will have a classic head and shoulders top. Although there were some cautious words about the earnings I think the internuts had a good rally and day traders were starting to feel like the good old days were here again. So my assessment is that the numbers were in line with expectations, obviously the street puts out conservative numbers to pump up their clients and more importantly to insure against 1 cent misses that can kill a stock. YHOO did not blow away numbers. In fact there seems to be evidence that numbers are boosted by geocities and not generic growth, which appears to be slowing, and may not support the 46 billion dollar market cap this stock has. Trust me, I think the internet is huge, I just think things are getting maniacle. I guess I got the idea from a client who wanted to buy calls in front of the earnings. However the premiums were so obscene he passed. This suggest tremendous optimism, which have been met by good but not blow out numbers. I figure the stock trades up a bit, as every cnbc viewer hears they beat estimates and I'll short more in the 175 area, then look for the stock to maybe lose upside momentum. Upside risk I see to 190, downside 160, selling 180 calls for 5 3/4 today and more tomorrow at 8 could be a great, but dangerous trade. More unspectacular earnings and particularly if stocks do not respond well to good numbers may get me to start buying out of the money puts on yhoo, amzn, egrp, amtd, nite, and aol. Everyone thinks the market goes higher-problem. Everyone thinks yields are topped out now that the fed has tightened-problem. People are buying lots of calls, and the vix (volatility index) is 20 and its a clear sale at 18. Too much complacency. Just my opinion. BUY EMC or NOK to make money on the internet. Huge rev, great growth, data storage and wireless internet access you can take to the bank. Just my humble opinion. Good luck too all. It just feels like a bubble and I been through these before.

To: Gary Wisdom who wrote (22582)	7/7/1999 10:19:00 PM
From: Spangle	Read Replies (4) \| Respond to of 27307

Stuff it Gary, If Yahoo goes up, it's because they are manipulating the financials and metrics. why is it that no one will acknowledge that KOOGLE LIED about the Geocities page views. Geocities was doing more than 60 million page views per day. Maybe 70! If you subtract the GCTY traffic, Yahoo did less than 247 million page views per day in June by itself, up from 235. That means they grew a measly 5% sequentially in traffic AT BEST. What other numbers are they fudging??? How long can Yahoo pretend to be the dominant leader. They suck at just about everything they do except for chat, games, and email. Is that worth $50 billion??? Shorts will win once the SEC starts doing their job and cracks down on the financial games an reveals Yahoo for what it is. Yes, I am short. And you are blind.