Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LRS who wrote (4969)	12/23/1997 12:30:00 PM
From: StaggerLee	Read Replies (1) \| Respond to of 27307

My thinking is, cover the short with a 40% loss, and use half of what's left to buy Jan 65 puts, to triple my leverage. Now I only need it to get back to $55 or so (in 3 1/2 weeks) to break even, instead of $46. It's called chasing one's losses :) It also limits my losses and allows me to put my phone back on the hook <g>.

To: LRS who wrote (4969)	12/23/1997 12:44:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 27307

You might be right about CNBC. They just said YHOO is up an impressive 3 points <BFG> I wonder how Barron's is doing -- they've been saying YHOO is overvalued for the last 6 months.

To: LRS who wrote (4969)	12/23/1997 12:49:00 PM
From: Eric Klein	Read Replies (1) \| Respond to of 27307

The sentiment on this thread is interesting. Earlier this year DDIM (Data Dimensions) was near $40 and making new highs every day. Shorts were bailing right and left. The next stage was a sort of gallows humor. People were forming 12 Step groups for speculators addicted to shorting DDIM. It was really funny, even for me and I was short 1500 shares at an average of $27 per. DDIM crashed, and so will YHOO, although it might crush the current shorts before it crashes. The old Crush before Crash. For the big holders of YHOO, they must know that this thing will be coming down. How can they possibly unload their shares before the inevitable? I guess their best chance is to squeeze the shorts and force them to buy, but... With the increasingly serious situation in Japan, nevermind the fact that S Korea is a day or two from bankrupcy: From the WSJ: >> South Korean Markets Plunge As S&P Slashes Credit Ratings South Korea's financial markets plummeted on Tuesday as Standard & Poor's Ratings Group weighed in on the nation's credit standing, slashing the country's rating to a level equal to many far less developed countries. The move late on Monday by S&P, one of the most influential ratings agencies, followed a similar aggressive downgrade of South Korean ratings by Moody's Investors Service Inc. earlier in the day. Both agencies have assigned junk-bond status to South Korean debt. << The speculative froth has been taken off the top of a number of groups so far this year. The Internet group is overdue.