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

To: IKM who wrote (4268)	12/12/1997 12:47:00 PM
From: LRS	Read Replies (1) \| Respond to of 27307

Let's see. The following is the open interest: There are 1300 Dec 50 contracts, 1600 Dec 55s, and 1000 Dec 60s. Trading below 49 would make them all worthless. But, I don't see this stock going that low at that point. We will probably stay in the 50s until the end of the year; in early January we may see 65, but YHOO will report about $22.5M in revenue for the 4th quarter. That's when the fun begins---this stock will slowly drift lower for the next 3 months as the overall market turns more sour (there is no way that corporate earnings are going to meet expectations with Southeast Asia's problems; besides, watch out for China's move to ensure that its products/currency are competitive). We will see 30 by end of March easily.