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To: Ty who wrote (8879)	3/27/1998 5:20:00 PM
From: The Vinman	Respond to of 27307

Frank, My current shorts are at 85 and 89, with an April 85 Put Option at 3. YHOO announced today that they were going to establish an on-line store and market a line of YHOO clothing, the momentum players need little news to push up a stock like YHOO. With Fed meeting, OPEC, and employment report on Friday of next week there may be a couple of down days with an opportunity to cover for some small gains. I will keep a small position open at all times, maybe just with options, because I still believe the bubble will burst, though the stock could move higher. I have lost and made money shorting YHOO.....it's a tough little sob... Good Luck and enjoy the weekend. Vinman

To: Ty who wrote (8879)	3/27/1998 5:20:00 PM
From: Frank Z	Read Replies (1) \| Respond to of 27307

>Frank Z, do you still have your short position at 80? Yes I Do. As a matter of fact, I am slowing accumulating YHOO short position. To play short is like playing long, you have to have patience. I have made many losses in investing stocks for the last few years. One of the common mistakes is lack of patience. >These stocks are like pyramid schemes. There are a group of people who just keep buying and selling at a higher price to each other. As time goes on, the distribution of the stock changes so that almost everyone has bought in at a higher price. There is no pressure to sell (ie, no threat of bad news) so most people won't sell at a loss and you never see those lower prices again. I agree. But the pyramid schemes will eventually be lost to fundamentals >There is no pressure to sell (ie, no threat of bad news) so most people won't sell at a loss and you never see those lower prices again. No. If they play pyramid schemes, they are as anxious as shorts.