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

To: OtherChap who wrote (8155)	3/10/1998 9:54:00 AM
From: LRS	Respond to of 27307

What are you talking about? This stock will never go down--you can't really attach a valuation to it, therefore we should just continue to bid it up. ;) Kind of funny, but the internet leader yhoo has been a laggard relative to XCIT and SEEK this year. What a bust.

To: OtherChap who wrote (8155)	3/10/1998 9:54:00 AM
From: fut_trade	Read Replies (2) \| Respond to of 27307

Welcome back -- BTW, YHOO is pushing 92.

To: OtherChap who wrote (8155)	3/10/1998 11:50:00 AM
From: RDH	Respond to of 27307

Best of luck OtherChap! It certainly makes sense to short this stock, but I am too risk adverse. The safe way for me to play this is as follows: Buy 1000 shares of YHOO. Immediately sell 10 calls. For example I bought YHOO at 84, sold calls when it went up a little. Now when YHOO reaches 90 or so you sell all calls and all shares. This creates a nice profit since the calls appreciate less than the actual stock. For example buy 1000 YHOO at 84 and sell 10 calls at 7. Wait until YHOO hits 91 at which time the calls are worth around 11. Sell the YHOO and close out the calls and make a nice profit of $3000. Now I wouldn't really recommend this without also buying some puts, since YHOO is at such a lofty height. So buy 1000 YHOO at 84, sell the calls and buy 10 puts, strike price of 75. After you have bought back the YHOO and sold the calls, hold on to the puts. When YHOO dips down, sell the puts. To me this is a lot less risk than shorting the stocks and gives one a lot of flexibility. You make money on both a long and short position with this overpriced puppy, without a lot of risk or sleepless nights. But I think you will do fine with your short since you did it at 90. Best of luck, RDH.