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

To: TheBigB who wrote (7993)	3/8/1998 3:33:00 PM
From: Michael Collings	Respond to of 27307

Here's the site that gave internet ad spending in January: internetnews.com Whether this affects YHOO or not we can only guess, but I can say that personally, my own monitoring of YHOO's sites says that it has affected them. As far as the hedge fund analysis of shorting at 69 and jumping back in I can't see that but I doubt they were the ones triggering the run up. I imagine a lot of the activity is market makers trading their own accounts. If a market maker is building a long or short position, it is quite easy for them to do it. They just buy shares themselves from customers or buy in the market to build a long position. And they borrow from client accounts while building a short position. Happens all the time. But when they won't loan out shares to customers to short, either they don't have enough long shares to loan out or they have already borrowed the maximum they can. As I mentioned in a prior post, the stock is not UPC-71 restricted meaning that under NASDAQ rules shares (blocks of 10,000 shares or more) can still be shorted. So my assumption is that the big guys are shorting here and that is why it is harder to borrow shares. How do I know the squeeze is almost over? I don't. But I watch the trading action on enough of these momentum stocks to see a pattern. It appears to me that the action of the blocks trading on the bid on very heavy volume is indicative of dumping by institutions. Someone like Sequoia is limited to selling only 5% of the average daily volume (somewhere around 65,000 shares per day). Therefore the volume is telling us that it can't be just Sequoia If you notice fidelity has maintained a less than 5% ownership of this company and therefore isn't limited to the 5% rule. They will be able to trade out of their shares with little notice. I don't think all the institutions are unloading their shares. Especially the ones that just bought in the last couple of months. I think they will be part of the selling pressure when this finally collapses. Could this just be a "backfill"? I doubt it at this point. It has all the makings of a blow off top. Of course I could be wrong but the activity of the last few weeks is vastly different from the prior short squeeze run ups. I'm not a believer of the theories of "buying a company today that will be worth 4 billion five years from now". That song has been sung way too many times in the past. But who knows, maybe "this time is different". However the trading activity tells me it is not. Will it be over in a couple of days? I suspect it will, but then I have seen these things kill shorts that are forced to cover. After a 30+% gain in 7 trading days it's a lot to expect that it can last much longer. At 90 that is a 50% gain. I guess it depends on how long they can keep up the song that this is a "safe haven" stock.