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


To: James Young who wrote (2389)11/4/1997 5:57:00 PM
From: chmaj  Read Replies (1) | Respond to of 27307
 
Well I will reply.

It is obvious that yhoo is the most manipulated
midsize stock. Just look at today's move.

It looked like the mm's let yhoo go last week,
but now it looks like they just set a bear trap
for shorters, just to squeezee them later on.

But, mm's actions are obvious by now, and I
think it not too dangerous to buy calls when
yhoo is below 45 and buy puts when it is above 55.

I would not short it, since it can easily go to 100
in a couple of days, and I wouldn't go long, since
the company is essentially close to worthless
and the stock can fall to 10 anytime. Just play
options if want to trade the stock.