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


To: PAL who wrote (8726)3/24/1998 8:05:00 AM
From: craig crawford  Read Replies (1) | Respond to of 27307
 
<< I am just amused that somebody would brag about 1/2 point gain on Yahoo (0.59%) where practically if not all the gains go to the broker >>

What's your investment formula for success PAL? I'm all ears. Lay it on me.

Short YHOO and lose 50%?



To: PAL who wrote (8726)3/24/1998 9:04:00 AM
From: Zebra 365  Respond to of 27307
 
<<<I am just amused that somebody would brag about 1/2 point gain on Yahoo (0.59%) where practically if not all the gains go to the broker. Good Luck on your investment style.>>>

PAL,

I trade 1,000 shares, any price, for $30. Schwab. There are others much cheaper, i.e. Datex for $10.

A half-point in and out on a daytrade of 1,000 shares is $500 minus $20-60. Larger trades and traders often pay less, (of course I'm ignoring the spread, which you should never really do on the NASD) Point being that $450 a trading day, without payroll taxes, would be the equivalent of about a $90,000 annual income. Nothing to be ashamed of, and a half-point gain is better than any loss.

I don't daytrade, but if I did, YHOO would be a great one, until these lower volume days and consolidation. At this point the BB's are coming back together, could break out either way.

William H., I haven't forgotten your question about my strategy. Will answer soon when I can do it justice.

Good Luck to all.

Zebra