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Technology Stocks : Shorting YHOO -- Ignore unavailable to you. Want to Upgrade?

To: John Stockman who wrote (72)	10/15/1999 9:51:00 PM
From: Stephen M. DeMoss	Respond to of 108

The max pan was 170 after the recent run up. The mm's worked really hard to keep it right at that strike. It is very possible that next week, even with a market rebound, it will slowly shed chunks of points, quietly but surely. Remember, it gave up 20 points this week including losing strong upside momentum. The put premiums were very high today which suggests it is close to giving up the ghost. Steve D.

To: John Stockman who wrote (72)	10/16/1999 2:35:00 AM
From: KENNETH DOAN	Respond to of 108

John, In due time, I still have my short in. It will come down.

To: John Stockman who wrote (72)	10/17/1999 12:56:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 108

Options expiration had a lot to do with where YHOO and the other net stocks closed. 170 YHOO calls and puts were 2 of the most actively traded contracts in the market. 2 others were the AOL 110 calls and puts. Stocks closed right at/near the strike. I checked all net stocks. Since OCT 7 when YHOO reported, ALL have daily lower highs and lower lows. Check it out. Can you say SECTOR ROTATION? The trend is down. Good luck to all long and short. Steve D.