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


To: Bill Harmond who wrote (2462)11/5/1997 11:31:00 PM
From: Jumper  Read Replies (2) | Respond to of 27307
 
William, we will retest that low by tuesday of next week IMHO :)

> worst global market meltdown in twenty years <

You ain't seen nothin' yet! Dow 2000! by 2000!



To: Bill Harmond who wrote (2462)11/6/1997 9:36:00 PM
From: Jonathan Boyd  Read Replies (2) | Respond to of 27307
 
> If you're not expecting another (worse) meltdown this month, I think > your money would be better given to charity.

William,

I certainly don't intend to shortchange charity, but for 25 cents per contract I will make this speculation. More importantly, Yahoo doesn't have to drop below $40 for this contract to move.

By the way, I respect your views on Yahoo... I think you're paying too much for its stock... but I value your insight no less.

Jon



To: Bill Harmond who wrote (2462)11/12/1997 8:18:00 PM
From: Jonathan Boyd  Read Replies (3) | Respond to of 27307
 
>>Bought November 40 puts today at $.25.

Jonathan, It took the worst global market meltdown in twenty years to get Yahoo below 40 last week, for, what, a total of one hour?

If you're not expecting another (worse) meltdown this month, I think your money would be better given to charity.

=====================================================================

William, the November 40's are looking pretty good at this point. The last trade was at $1.0625. I don't say this to gloat (well maybe a little... I'm human) but rather to point out the value of purchasing long-shot options with short expirations as a speculative play.

Jon