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

To: fut_trade who wrote (5113)	12/28/1997 8:18:00 PM
From: Peter Goss	Read Replies (1) \| Respond to of 27307

The last day to trade for regular way settlement in 1997 was Friday. So starting monday, those who want the profits but feared the taxman are clear. I don't know if it will be an immediate result, but it bears watching. Peter Goss (so many Peters on this thread I may switch to Barb)

To: fut_trade who wrote (5113)	12/28/1997 9:45:00 PM
From: Jim Ritter	Respond to of 27307

<<I just can't accept that the institutions would pull out of these stocks any time soon. It just doesn't make sense. And with options expiration coming up on the 16th (you remember what happened on the last options expiration) I don't thinks it's the time to short yet.>> I think you make a very good point. I've shorted AOL about seven times in the last three months and always made money, (despite my other investments). But when I saw all the brokerages giving AOL a lot of booster shots with their "strong buy" upgrades, I layed low on AOL because the company seemed to have a lot of support behind the scenes. I question Yahoo and how well the brokerages will ralley around any weakness it may show. Right now, even though they're buying into it, they don't seem to be putting out any upgrades. I think your points come as a benefit to us because when the funds pull out, it will cause the stock to drop quickly. I did buy January puts, I think more because I'm scared of not catching the crash after spending so much time watching this thing. I haven't invested too heavily though. I think you're right that there may be some surprises in the future for us. But if this stock stays above 60 into mid-January, I'm going to throw some heavy money at the Feb 50 puts. Yahoo stock is just a fantasy. What brings a fantasy to an end? I don't know. I don't think any press release, earnings report or change of the year will cause it. I think you'll just go your computer one day, check out the press releases and news and see none, then check Yahoo stock and see its down eighteen points. (Then you'll spend the rest of the day dancing around your house and looking at car brochures.)