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


To: Gary Wisdom who wrote (22712)7/8/1999 4:38:00 PM
From: im~ristine  Read Replies (2) | Respond to of 27307
 
i have had my 'you know what'
bitten off so many times....



To: Gary Wisdom who wrote (22712)7/8/1999 5:09:00 PM
From: TraderTerry  Respond to of 27307
 
Well Gary, lets just say we shall see. I predict a sell off
tommorow and it will get well below its 13 DMA and even below
its 50 DMA and around there is where I will cover. Quite a
fun ride from 188 to whereever I cover :-)



To: Gary Wisdom who wrote (22712)7/8/1999 6:09:00 PM
From: HiwayTrader  Read Replies (1) | Respond to of 27307
 
Agree Gary. It could have gone either way today and in fact it did oscillate quite a bit. Interesting it stayed above the previous close most of the day. I'm certain all the talk of a selloff after earnings put pressure on us longs but as i predicted in yesterdays post, any selloff would be weak. Now you know the shorts must be worried, as today's action shows the stock is very resilent. The shorts are not getting the big payday they were hoping for and Yahoo! is still set to make some major announcements.



To: Gary Wisdom who wrote (22712)7/8/1999 8:33:00 PM
From: radames  Read Replies (1) | Respond to of 27307
 
gary
i couldn't agree more with your statements,today i went out on a real limb and doubled up my option position (jul 180 call) for 3 $ close to the close ,,i think that yhoo actually showed strength today on the fact that it didn't sell off more ,imo alot of big money was waiting to see what happened because of the past post earnings selloffs alot of money waited to see it fall and were looking for a bargain !!the sector wasn't as strong as people are saying it was today,,,imo we might see a decline tommorow to really shake the weak hands and i will be looking to buy tommorow at the close on any weakness,,imo the real fun begins next week as options expiration draws near and the price is pumped,,,there is a lot of open call intrest more than put which is a bullish indicator,,imo 172 is when all the shorties will cover and where we go fron 174 to 180+ in no time ,,i will hold my options until friday and sweat out every last tick !!(the firt time i might add)
there is also 9.3 million shares short which is huge!
don't get scared tommorow ,,did you notice monday at 2:30 we fell off a cliff,,reason alot of shorting,,189 to 164 in four days =25 points their will be alot of profit taking tommorow going into the weekend alot of pros would never leave a short position open over a weekend with a 25 point gain on a company like yhoo...
if yhoo makes big announcement over weekend we go to 200 by friday..we already sold off four days in a row let's see a reversal..
good luck to all !!!