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

To: santhosh mohan who wrote (3229)	11/25/1997 12:33:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 27307

>>> YHOO has to be fairly valued or undervalued at 49.25 for you to cover rationally.<<< You have to be kidding. It wasn't fairly or undervalued a few days ago at 42, but anyone who covered there was able to reenter. I've only now achieved enough profits to establish a "core" short position which I will not cover above 35 (barring a breakout above 60). I will continue to trade the other half when the opportunity presents itself. Barb

To: santhosh mohan who wrote (3229)	11/25/1997 2:46:00 PM
From: William Minich	Respond to of 27307

<Am curious why you covered your short at 49.25. YHOO has to be fairly valued or undervalued at 49.25 for you to cover rationally. > Do I think Yahoo's fairly valued or undervalued at 49.25 - No-Way ! Many stocks ride the market regardless of it's individual characteristics. In the long run though, fundamentals always catch up with them ! Besides, I don't follow the "efficient market theory". I still believe the stock is WAY overvalued regardless of what some investors think. The fact that I covered the short is simply procedural for day trading. Rest assured I will short this stock again very soon....maybe even today !