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

To: fut_trade who wrote (4728)	12/18/1997 10:06:00 PM
From: Jim Ritter	Read Replies (3) \| Respond to of 27307

Question about the market closing down. I have some december put options on Yahoo which expire tomorrow. My question is, if the market should crash and they shut it down like the last time. Am I just SOL. (I start making money as soon as Yahoo goes below 55).

To: fut_trade who wrote (4728)	12/18/1997 11:42:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 27307

What is the impetus for any of the bigs guys to dump shares? Peter, try a bear market for one reason. No money manager who expects to be around long wants to be in a stock like this or any other high flyer in a real bear market. In a raging bull market, when there's no fear to be found, fine. Play the momentum game. It'll go up tomorrow because it went up yesterday. The more it climbs, the more people want a piece of the action. Or maybe the short squeeze game. The problem is, there's always somebody left holding the bag. Someone bought Netcom at $90. When the market sentiment shifts, as it appears to be now, these money managers will run for cover. They don't want next year's reports to show that they were the ones left holding the bag. They want to be the smart one who got out before the impending collapse. Wasn't it Joe Kennedy who sold in 1929, before the crash, when a shoe shine boy offered him a stock tip? No one wants to have bought Netcom at $90 (or AMZN at $66). Run. Run away. Before it's too late. Oooooh nooooo! Bob