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

To: PeterGx who wrote (7658)	2/27/1998 12:53:00 AM
From: Michael Collings	Respond to of 27307

PeterGx: You should love the shorts. They are what makes these kinds of stocks go to astronomical highs. Do you really think yahoo could have made it this high without a few short squeezes here and there? What is now beginning to happen is for the first time the short interest is dropping and at the same time the float is increasing dramatically. This does not spell continued short squeezes in the future. The option specialist alone is short at least a half million shares and the short interest just dropped a half a million. That means less than four million shares are short by traders. I imagine that many will cover in the present rally. The die hards will continue to hold. The new batch that will short next are likely to do so in the 70's. They are not likely to cover unless the stock rallies up into the 80's. That's a lot of public buying that has to take place to get through all that selling. Don't kid yourself, mutual funds don't ride stocks down. In fact mutual funds hold around 22% of the total capitalization of the market but they account for over 50% of the volume in the market. Many funds have greater than 100% turnover in a year. (I'm assuming the" MM" in your response means Mutual Fund managers and not Market Makers). Given the huge number of blocks that have been dumped on the market in the last six weeks, it's a darn good bet that funds have been reducing the size of their holdings. Sequoia can only sell 5% of the average volume per day. That is about 65,000 shares a day and it is obvious that a great deal more than that in large blocks of 10,000 shares or more were being dumped daily. I read on the aol fool message board that one of the firms was calling in their short positions and forcing the client to buy back in when the stock was trading at or below 63. Looks like the brokerage was starving to find buyers for the shares that were being dumped. My read is that this squeeze was necessary so the big boys can get out and I doubt this will be long lived. I invite you to not take my word on this but do watch the trades as this progresses. When you start seeing large blocks of 25,000 to 50,000 shares being hit on the bid, the game will be over. For the time being I'll keep my 70 short.

To: PeterGx who wrote (7658)	2/27/1998 10:14:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 27307

I knew I could count on Vinik and Cramer to show me a good time! (That's the only reason I went long--the squeeze) I have no problem averaging up this morning. I'm buying more when it pulls back, the squeeze is in full effect.

To: PeterGx who wrote (7658)	3/2/1998 11:21:00 PM
From: Frost Byte	Read Replies (1) \| Respond to of 27307

YHOO MENTIONED IN NEWS.COM ARTICLE: news.com Infoseek inks e-commerce deals By Tim Clark Staff Writer, CNET NEWS.COM March 2, 1998, 6:20 p.m. PT Infoseek (SEEK) will announce two e-commerce deals tomorrow, one with Realtor.com and the other with Microsoft's Expedia travel site. The search site says the moves signal a more aggressive Internet commerce strategy. The company has been viewed as an e-commerce laggard behind rivals Yahoo and Excite. "Commerce has become a critical part of what people expect" from the "portal" mega-sites where many Internet users first log on to the Net, said Forrester Research analyst Kate Delhagen. "Infoseek has definitely been late to the party." The deal with heavy-hitter Realtor.com is a straight advertising deal and does not involve revenue sharing, according to Infoseek chief executive Harry Motro. The contract with Expedia, another Web powerhouse, does include revenue sharing, however. Motro declined to say how much revenue the two deals generate, except to call them "seven-figure deals." The Expedia partnership is slated for one year, while the Realtor.com deal is set for two years. Realtor.com offers information about more than 1 million new and resale homes as well as various consumer-oriented tools for making decisions about buying a home. It is a service of NetSelect, which calls its site the busiest real estate site on the Internet. Realtor.com's "Find a Home," "Find a Realtor," and "Mover's Toolkit" will be available directly on Infoseek's real estate channel. Infoseek has largely shunned deals for longer than 12 months, but Motro said the two-year term for Realtor.com was designed to snare a premium partner. The Expedia deal is one of several between Infoseek and Microsoft, joining Microsoft Investor, Money Insider, CarPoint, and MSNBC among the ad and revenue-sharing contracts between the two companies. Online travel is a booming area in e-commerce, with Jupiter Communications estimating that it makes up half of the spending now on the Internet. Infoseek has what Motro calls "adver-commerce" or major sponsorship deals with Auto-By-Tel, Borders Online for books, CMP Media for its computer channel, and UPS.