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

To: Oeconomicus who wrote (5541)	1/2/1998 2:37:00 PM
From: Ploni	Read Replies (2) \| Respond to of 27307

Even if he's on some ski slope I hope he'd know better than to play football then. * * * I see that LCOS and SEEK are also down sharply today. Only XCIT is unchanged.

To: Oeconomicus who wrote (5541)	1/2/1998 3:17:00 PM
From: Rational	Respond to of 27307

Bob, The trigger point for a fall may have started because most call [put] option contracts are trading lower [higher]. Last night I was again thinking of the large volume of call options. The writer may be an institution or individual, but he is forcing the dealer to buy these calls at a discount. The dealer is unlikely to take the risk of hoping to be able to maniputale the price to keep it higher and so he will most likely short an equal quantity of shares as he buys the calls at a risk. As the call option value drops, the dealer (option buyer) must short the stock at an increasing rate to hedge his position by program trading. This may have started, although funds may not be selling yet. To me it looks, YHOO is getting broken, but I may be wrong. Sankar