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

To: S Duncan who wrote (4804)	12/20/1997 9:14:00 PM
From: Terence Wilson	Respond to of 27307

I wasn't recommending that anyone short yahoo at all. What I did say was that only a small portion of one's captial should be used to short this stock. An expert speculator won't sweat it when YHOO climbs 30%, he will add to the postion or sit tight. An amateur will lose more and more sleep until he gets a margin call or capitulates, he will then watch the stock tumble and curse his luck. A while ago I recommended that folks go long at a pre-split price of 50. I used the same rationale as I have today- there is low risk on the long side of yhoo because of the large short interest. The key to this stock's price is the short interest, while it's high the stock will stay afloat. If I was long on this stock (I have no current position, but have made and lost $$$ in the past) I would play the small upside moves, confident that any 15-20% drop would result in short-covering and a price rebound. Good luck to the shorts, may you have gonads of steel, plenty of patience and a friendly broker!