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To: ROBERT I. SCOTT who wrote (13937)4/4/1998 11:44:00 AM
From: DanZ  Respond to of 53068
 
YHOO.

Bob,

YHOO has broken out above the upper bollinger band on both the daily and weekly charts and it is very risky to short it right now. There is no way to tell how far a stock in this technical condition will go and it can put a tremendous amount of pressure on you until you cover at the top. If you feel strongly that it will go down, I would buy put options instead of shorting the stock. Support is at 101 and there's no technical resistance. I would feel better about it's chances of going down if it closed back inside of the daily bollinger bands. At least at that point there would be resistance on the chart and you would know where to put a stop if you were short.

Dan