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

To: craig crawford who wrote (7644)	2/26/1998 11:20:00 PM
From: PeterGx	Read Replies (3) \| Respond to of 27307

Craig, It just seems at times that shorts are their own worst enemy. New waves of shorts cannibalize each other... Combined with the other elements of the recipe for disaster: Small float High institutional interest (but by a relatively few holders) Large short position Tons of HYPE (as well as legitimate reasons for optimism) ..... the shorts certainly aren't doing themselves the biggest favor in covering their positions every time the stock price jumps 3-4 bucks. There is historical evidence that smaller interest groups are much more effective in defending their goals and interests than the larger, more disorganized, groups. ie Yahoo would have to really BLOW IT BIG in the earnings department, for fortunes to reverse between (the few large insiders + 100 funds)LONG and the numerous short sellers (I assume "numerous small" is the case) IMHO The chances of YHOO blowing earnings in the next 4 Qs is minimal. (BTW What earnings? :-) The pending general market correction may bring some relief, but Mutual Fund holders really have no major incentive in liquidating their YHOO positions. My guess is that MMs use YHOO as a little must-have gamble that is not a major holding by any measure. Thus the effects of an YHOO decline will be minimal on the fund's performance, nullifying the need to sell fast in a correction. (Evidently, shorts seem to behave in just the opposite manner)