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

To: craig crawford who wrote (7646)	2/26/1998 7:46:00 PM
From: Bob Kimball	Read Replies (1) \| Respond to of 27307

What happened? Good technical rally... A nice head-fake to shake the longs at <61, then a quick rocket ride to 70+ to rattle the shorts. The purpose of the market (well, those responsible for it's operation) is to create as much activity (commissions and scalps) as possible. The more fear and greed working, the more activity. If you follow e-waves the most probable count has worked to a T with this week's action. Now we make a new all time high, or just barely fail it, and the shorts can get happy again, for awhile.

To: craig crawford who wrote (7646)	2/26/1998 8:03:00 PM
From: Michael Collings	Read Replies (1) \| Respond to of 27307

Here's something interesting...... anyone notice the April 40's today? 1525 contracts traded. Lets say back in December, someone sold them and now decided to buy them back. The specialist would have bought the contracts and then shorted the stock. Today the specialist would have bought back those shorted shares and then sold the option. Interesting way to create a short squeeze. This would have accounted for 305,000 shares of the volume today. Considering there is still over 4000 contracts left to fill (over 800,000 reportable volume), this could be some ride! The last 1250 contracts were purchased at over 28. But it also means this squeeze, although it may be pretty spectacular, it will be short lived. This could be a great exit area for all you longs. Should see mid 70's at least, maybe higher if the rest of the shorts panic out too. It's kind of fun to watch. I'd really appreciate it if someone long would explain to me how Yahoo will make its earnings numbers this quarter (4 to 5 cents). Because if that number ain't there it will wreck havoc on the stock in April.

To: craig crawford who wrote (7646)	2/26/1998 8:36:00 PM
From: Oeconomicus	Respond to of 27307

Didn't the prez say something about no new taxes for the internet? No Craig. What he said was "no nudes in taxis, just interns." YHOO joined the party today and shorts are going to sweat YHOO broke above resistance and squeezed some more shorts out, probably triggered a few buy stops. It went up on no meaningful news initially because everything else in the Internet "space" went up and because "hot money" is moving fast from one sector to another in a greedy feeding frenzy. Sell your stock split to someone who cares. Try Cramer. He says buy anything that announces a split. Shared that bit of financial wisdom on GMA. Or maybe he's smart enough to help start and then sell into a good short squeeze. Some March 70 calls might not be a bad idea (depending on the premium) in case it follows through, but remember that it broke upward like this in January and then retreated ten points to 58. BTW, what do you consider to be fair value on Yahoo? Oh, I forgot. You can't put a price on the future so why bother trying. Just buy buy buy! The bear has been hibernating for 15 years and trying to keep him in his cave just makes him meaner and hungrier. And teasing him with over ripe, juicy, sweet fruit like YHOO, AMZN and much of the market really pisses him off. Now he wants to maul the whole market. Run and hide. Bob