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

To: Mama Bear who wrote (6159)	1/12/1998 6:16:00 PM
From: Michael Collings	Read Replies (1) \| Respond to of 27307

MCI has a whopping 250,000 internet users. Out of 50 million users, hardly anything to write home about. Yahoo is doing its best to rally this stock before earnings come out. Another 250 contracts on the April 40's were sold. Now over 600,000 shares at 40 in April have been sold in the last month. I expect the specialist has shorted a like amount of shares. It increases the short interest but these shares will not be bought back in so they do not provide support for the stock. But it does limit the number of shares out there that can be shorted by the public. When around 50% of the float has been shorted, no shares further shares can be borrowed. The open interest on the April 40's has been increased to over 5700 contracts per exchange. Could eat up a couple of million of shortable shares. Peter F, you might want to add this to your list of items. Mike