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

To: Michael Collings who wrote (8799)	3/26/1998 1:33:00 AM
From: craig crawford	Respond to of 27307

<< Craig, I have to ask this question.... If you are so sure this stock is going to $100 how come you are playing for 1/2 points? Why not go for the big kill? >> What is it with you disgruntled bears? You and that other person love to try to taunt me for scalping a 1/2 point in 10 or 15 minutes. I went long YHOO and then decided I didn't want to be in it anymore. It dropped a couple of points after that so if I wanted back in it was sitting right there. If I recall correctly TLAB temporarily dropped and I liked that better at the time. TLAB just made a record closing high today. Closed at the high for the day even though the market sold off. I like TLAB and YHOO both and probably 20 other stocks but I can't be in all of them all the time. The point is I still made the case that YHOO was going higher and it did. What more do you want? I'm not one of these guys that changes my mind so often to try to escape from looking wrong. I haven't lost a dime on YHOO yet long or short and I don't plan to now that I'm long again. << It tells me that when the percentage of shares short to the float was above 20% the shorts got squeezed. >> Maybe so. Either the shorts held on (remember short interest increased) or a whole new crop rushed in to replace them, matching all the upticks from the squeeze with a barrage of new short selling downticks. YHOO held up pretty well considering the short position increased wouldn't you say? If the short position increased over last month then there were more shares sold short than bought back, correct? Net selling. Yet YHOO still went higher. Pretty scary for you shorts when you think about it. << When a stock is retesting old highs like it is right now, it is more likely at this point that sellers who didn't get out before will get out now >> People said the same thing when YHOO was "retesting" the old highs of 71. Same old tired argument. << It is also likely that many of those that were purchasing at greater than $89 will be happy to get out without a loss >> Once again, no basis for your argument. People who bought YHOO at 71 and watched it fall to 58 didn't stop it from going to 92 by selling when they were back to even. << And it is also likely that any big players that haven't gotten out yet may take the opportunity to get out during a higher volume, higher price day >> Good. I got you to admit that YHOO is going to see a higher volume higher price day. I am much smaller than an institution. I can get out without moving the price. I can sell my whole position at the top unlike an institution. One of the benefits of being a little guy. << There's always a limit to how high these flyers go and in every case, i.e., IOM, ZITL, RMBS, etc. the shorts were eventually right. >> Just like the shorts who shorted high flyers like MSFT, CSCO, DELL, AOL, TLAB, etc were eventually right? I suppose people who shorted A$ND were eventually right but it went up 32 fold in less than 2 years first. I told you before, there is no comparison between YHOO and IOM, ZITL, RMBS. And if one more person tries to compare NSCP's decline to some impending future for YHOO, I'm going to really go off. Let's say YHOO is another NSCP. NSCP acheived a valuation of almost $7 billion before it tanked, correct? Much faster and parabolic than YHOO I might add. NSCP didn't build bases and consolidate like YHOO did. It went straight up on momentum alone. With 53 million outstanding a market cap of $7 billion puts YHOO at a price of 132. I might join in with you to short it there. We will have to see. So what if YHOO is expensive? Valuations can get more extreme than you realize. There are companies that are completely WORTHLESS that have had billion dollar market caps. I mean total junk. Remember Comparator systems? (IDID) No assets, no cash, no intellectual property, nothing. Had a market cap of over $1 billion. Worthless now. Bre-X? No gold in them hills. Went from 1 cent a share to $28 in only 4 years! Bre-X had a market cap over $5 billion and it was a huge scam! Now what makes you think our little YHOO (a real company) can't show us just as good a time? Honestly, what price would you give up on shorting YHOO?