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


To: Mama Bear who wrote (6104)1/10/1998 3:14:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 27307
 
Yahoo market cap: Still above $3 B-I-L-L-I-O-N.

I been shorting more since the new year, I'm astounded that this stock still trades above 40 a share.

Oh well. Patience.

By the way: as recently as Thursday I sold Yahoo Jan. 70 calls for an unbelieveable 1 per contract. They are still bidding 3/8 for these. IMO free money.



To: Mama Bear who wrote (6104)1/11/1998 9:27:00 AM
From: santhosh mohan  Respond to of 27307
 
Barb!. I understand your caution in staying away from YHOO. The stock has frustrated any reasonable logic for too long. The expectation (greed?) among the shorts here (myself included) is that at the first whiff of trouble this stock will disintegrate without a chance to short on an uptick or buy reasonably priced puts. Hence the lack of patience for classic sell signals from TA.

I am curious about your opinion that the stock will not go down without at least one raging bull on this thread. Is that based on empirical evidence or is it a superstition? In either case, do your "Rocket 80" posts really count since you do not have any position in the stock and are just going through the motions. Wonder if the lack of raging bears helps the cause. Talking of superstition, the 13th will be significant for both the longs and shorts.

You do not have to respond to this post. I am just thinking aloud.