Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert Sievers who wrote (7379)	2/16/1998 1:29:00 PM
From: PeterGx	Read Replies (3) \| Respond to of 27307

Over the weekend CNN had an interesting piece on the phenomenon of short selling. The story claimed that in the last three months, sort interest had increased to about 30% of NYSE float (I hope I caught this correctly). In any case, the short positions had increased substantially. In the next paragraph CNN commentators said that the last 3-4 weeks had seen the biggest "short squeeze" on record. Many companies (specializing in shorting) had apparently even gone out of biz, and numerous smaller players had been forced to take "cover". In the end, the story seemed to conclude that the worst of the squeeze is over. If events did unfold as CNN described them, YHOO certainly did not impress with its relative performance. This current wave of short sellers and those that have endured may actually get to witness the collapse. A major development in Zippergate or US strike on Iraq should be a sufficient trigger for a 8-10% correction of the markets and a larger correction in YHOO.(especially if the events arrive shortly after this Friday)