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To: Oeconomicus who wrote (9189)	4/7/1998 11:05:00 AM
From: fut_trade	Read Replies (1) \| Respond to of 27307

Looks like my dogpile link knocked YHOO down nearly five points today. Ooooppps.

To: Oeconomicus who wrote (9189)	4/7/1998 11:32:00 AM
From: PAL	Respond to of 27307

Sal, what would happen if all the perma-bulls sold the stock and bought calls? Would that be bullish? Perhaps shortly afterward, 'cause the stock would crash in the process, possibly even to a level where it would be fairly valued based on real fundamentals. The bulls selling at the present time (for downside protection) increases the supply side, hence helping to push the stock down. By immediately using some of the proceeds to buy calls (still bullish) you are buying on the way down. If I am a bull I would just buy protective put for the downside risk.