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To: PAL who wrote (9177)	4/7/1998 3:35:00 AM
From: sam meen	Respond to of 27307

Sal, I do remember you calling a bottom for CYMI around $15 several weeks ago. It closed $22.25 today. Impressive. . . Keep it up Sal

To: PAL who wrote (9177)	4/7/1998 3:59:00 AM
From: damniseedemons	Read Replies (5) \| Respond to of 27307

Hey Pal: 1) For intermediate-term tops, you can be reasonably sure of it if you wait until AFTER the decline has started. And no worry, there is still plenty of time to get out if necessary/warranted (and conversely, after it's started a downtrend there's still plenty of time and money to be made on the short side). 2) I have only read a few posts here, but my impression is that shorts short YHOO based on metrics like P/E. If that is indeed the case, I think that's foolish. 3) I sold all of my stock position while simultaneously buying Apr 90 calls. So really there's no change. As noted, I did it to cover downside just-in-case and to reduce margin. But more importantly, it's to give me room for further leverage ahead of earnings. You should thus interpret my move as being bullish (nearer term and post-earnings report). After this week, I'll figure out what to do next--probably rotate out of the calls and back into the stock (of which I have been a long term owner). And perhaps I'll leverage further with calls, but all that depends on a few things and it's too early to tell right now. 4) I anticipate a stock split simply because it's "time" for one, assuming, as I said, if YHOO doesn't foresee releasing negative news which could hurt the stock over the next couple of months. This is a lot lot different from Berkshire Hathaway; a comparison with it and YHOO is apples-to-oranges. Trust me, for a stock like YHOO, if they don't announce a split real soon it will be construed by Wall Street as a negative. -Sal