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

To: Bill Harmond who wrote (5321)	12/30/1997 5:47:00 PM
From: Judy	Read Replies (1) \| Respond to of 27307

Are YHOO's RSIs decreasing as it makes each new high? Rather than buying puts, here's food for thought: Say I'd sell YHOO Jan 70c for 4 5/8 - 5. If the stock drops sharply before expiry, I'd close the short calls. If the stock moves against me and closes above strike on expiry, I'll take assignment and go short the stock at 74 5/8. If I'm short the stock, I'll sell Feb 70p on first weakness. Feb 70p closed at 6 5/8 - 6 7/8 today. If YHOO drops like a rock, my short is effective closed at 63 3/8. FWIW, I'd use the same strategy for DELL or any other high-flier losing showing downside divergences rather than buy puts. Wish I were 90 percent in cash!