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To: Zeev Hed who wrote (9059)11/23/1997 9:50:00 AM
From: vegetarian  Read Replies (1) | Respond to of 18056
 
YHOO chart currently indicates an ascending triangle formation which is a bullish sign and has potential for at least 10 point upside when it breaks through the supply line at 55.
A short position at this point would need to wait for a while before it comes down because the market momentum is on the other side.



To: Zeev Hed who wrote (9059)11/23/1997 11:29:00 AM
From: Bonnie Bear  Respond to of 18056
 
Zeev: yahoo is like AOL in that it has a tremendous amount of popular support. When I use the netscape internet browser it gives me four choices of search engines, lycos, yahoo. excite and infoseek, and I'm probably typical in going straight to yahoo because its news and seach engine is far superior. So the other three may be better shorts.



To: Zeev Hed who wrote (9059)11/23/1997 8:05:00 PM
From: KellyW  Read Replies (1) | Respond to of 18056
 
Zeev, I intend on shorting YHOO, if I can get the shares, as of Monday 11/24. I will close out my position within 2 weeks and look for a re-entry point for a 2nd short position. In other words, I see a 2 week down turn followed by a later than normal year end rally. Just my 2 cents. YHOO is a good company, but a rather lofty PE. Exactly what I want in a short, except a bad company with a lofty PE is better!