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


To: Bill Harmond who wrote (6908)1/27/1998 8:59:00 PM
From: peter grossman  Respond to of 27307
 
As a veteran (read victim) of a few, I think a lot fewer yhoo shorts would feel squeezed than anytime in the last 8 trading days.



To: Bill Harmond who wrote (6908)1/28/1998 10:24:00 AM
From: LRS  Read Replies (2) | Respond to of 27307
 
>>Don't become complacent. It wouldn't take much to ignite a short squeeze.<<

Yeah. You bears don't know jack. Any price under $420/share is a BARGAIN. But, it's not short squeezes that cause the price to rise--YHOO's going up because it's going up. Hell, that's what all the hedge fund managers say! Jim Cramer may look and sound dumb on CNBC and thestreet.com commercials, but he knows how to spot values in an overpriced market.

Really, though. I think it's trading on pure fundametals. Right now we're at about 50 times sales. We could easily see 350x sales ($420/share). Remember we're talking about the internet--it's different this time.



To: Bill Harmond who wrote (6908)1/28/1998 10:55:00 AM
From: IKM  Read Replies (1) | Respond to of 27307
 
Let's see. Short interest was up 435k shares middle of last month from four weeks earlier. But the stock had the hell squeezed out of it for the next two weeks. Since then, big blocks have been trading on downticks. Could it be that supply has been increasing faster than demand? Whether I become complacent or not won't matter a whit. If I had patience at year's end, I certainly can stand some shocks now. I suspect others feel the same.