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


To: johno who wrote (8966)4/2/1998 1:03:00 AM
From: OtherChap  Read Replies (7) | Respond to of 27307
 
I just moved my entire portfolio into a Yahoo short position. I wont give you the numbers, but I could certainly buy several ranches with it- so you could say I'm betting the farm..

I've been in and out of shorting this thing, sometimes covering for a small profit, sometimes for a small loss, but never really feeling any pain..

One thing that makes me feel REALLY good about my short today is that normally when I try and short yahoo, it's like pulling teeth to get schwab to find any shares for me to borrow. today the broker I spoke to joked "Yeah, how many you need? We got plenty."

The froth is about to hit the fan. This thing is more overvalued that netscape EVER was, and at least netscape had revenue in the hundred million dollar range! Yahoo would be in the red if it weren't for all the interest they're drawing on their IPO cash.

That's it folks, I've bet my ENTIRE financial future on the certainty that this madness will end, and it will end soon. I'll be seeing you guys around 15.