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To: Bill Harmond who wrote (3032)11/20/1997 6:49:00 PM
From: h.l. meeks  Read Replies (1) | Respond to of 27307
 
William: I was also long RMBS from $42.88 on Wednesday. Unbelievable. I have a sell-rule on stocks that go up 20%+ in a single day. Sometimes I sell too soon, but overall I have profited from this discipline. (I once blew a $25K 1 day profit by violating this rule; I was younger then!) On RMBS I had to keep holding my trigger finger back all day! Unloaded 1/2 the position at midday---$58.25, and the other half at the close at $60.50. Did you sell yours? Now at least I can stand a LOT more squeezing on my YHOO short! Beautiful day.



To: Bill Harmond who wrote (3032)11/21/1997 10:32:00 AM
From: Robert Sievers  Read Replies (2) | Respond to of 27307
 
>Spyglass sold their key property to Microsoft at a bargain price, and there wasn't much left.

Ok, you're a company like Spyglass or YHOO. Microsoft walks up to you and says "Here are your two choices. Get crushed in six months, or get crushed in six months and take this money". Which would you choose? And the point of my post you agreed with. The marketplace changed. It will change for YHOO as well. I am just praying it is sooner rather than later.