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

To: Rational who wrote (7638)	2/26/1998 5:32:00 PM
From: Michael Collings	Read Replies (1) \| Respond to of 27307

I think YHOO will break above 71 and that should trigger a lot of short covering. I continue to hold my short (sold at 70) and I will add to that short position at 73. I agree that we needed this last squeeze to get the stock in a position to fall. There should be a lot of sellers at the 71 to 75 area. Hope we get enough short covering to get there. Glad to see the short interest drop a bit. I expect it will increase in the next month. With the float increasing, the short interest decreasing, a squeeze of the remaining shorts, along with articles in WSJ hyping, sure spells a top soon to be made. Watch that volume carefully. When the volume is heavy and no further upward movement is happening that's the top. It seems to always happen this way.... stocks have to retest and even break the prior top before they collapse. That's why I covered my other short position and sold July 60 calls to cover that loss. I can't understand how they will make the 4 to 5 cents projected for this quarter. They won't be able to claim Four11's revenues while charging off the expenses this quarter. I suppose they will figure a way to take a one time charge for content development for the MCI deal. I'll be interested in seeing how they handle this quarter's earnings. Anyone want to educate me on how they will make the earnings?