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

To: ItsAllCyclical who wrote (7291)	2/11/1998 5:51:00 PM
From: Michael Collings	Read Replies (1) \| Respond to of 27307

Jim: I covered on half of my short also. I bought back at 63 1/2 the other day and then sold the July 60's calls and covered my loss on those shares. And if I get called the stock I will be short the stock at a cost basis of 67(after deducting my current loss) If the stock drops before that time I will still pocket $7 a share. Will short more if it goes back to its old high or higher. The other half I shorted at 69 and 70 so will ride those out. It still looks to me like the insider shares are about finished being dumped on the market. I imagine that is the only reason that a short squeeze on this stock hasn't occurred along with the rest of the market. However I do believe the market overall is getting topped out around here. March is a notoriously rocky month for stocks. On the other hand February is usually a month when stocks peak. Would like to see a squeeze on Yahoo take place in the next few days or week. Unfortunately I don't think it will go much beyond the old highs, maybe 73 to 75.