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

To: db who wrote (8756)	3/24/1998 9:04:00 PM
From: phbolton	Read Replies (3) \| Respond to of 27307

FWIW: Yhoo was up 3 13/16 which increases market cap more than all revenues to date, more than all revenues likely to come in this year (and more than all earnings in the next decade?)

To: db who wrote (8756)	3/25/1998 12:11:00 AM
From: Michael Collings	Read Replies (1) \| Respond to of 27307

Peter: I still think your float numbers are off a bit.... I calculate the float at around 18.6 million provided that Sequoia hasn't already gotten rid of the last 2 million shares (which is a good possibility give the volume in March). But lets use your understated float and say that it is just 17.8. Add to that 4.6 million shares short and the number of shares out there trading is 22.4 million (shares that are shorted are bought by someone so you have two buyers for one seller who hasn't bought back yet and returned the shorted shares). Now at least 700 thousand of those shorted shares is the options specialist so he won't be buying them back (unless the seller of the options buys back the shorted options). In any event, you're looking at about 3.9 million shares short with a float of 22.4 million and that number could be as high as 25.2 million. That's about 17.4% short or as little as 15% short. Given the volume in the stock recently the short interest ratio is a little over 2. My point is, anyone looking for a major squeeze of this stock will be disappointed. Retesting the old highs is about all that may happen. Of course the one caveat is if those April 40's are bought back in forcing the specialist to cover his short position. I'd be watching for that one!