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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (6645)4/9/1998 12:40:00 PM
From: Amots  Read Replies (1) | Respond to of 18691
 
Roger.
The way to play yhoo is used its strong moves in both directions.
Yeserday I bought APR-90 Puts and APR-100 Calls.
Sold the calls today to cover both in some nice profit, and if
I will be lucky they will go down again soon.
Regards
Amots



To: Roger A. Babb who wrote (6645)4/9/1998 12:49:00 PM
From: craig crawford  Respond to of 18691
 
<< Often the longs AND the shorts lose. The longs forget to take profits being greedy for more and the shorts get sqeezed out before the crash. Yhoo is a classic mania. >>

YHOO longs have made so much $ that they would have to be in a coma for a few weeks to miss out on a chance to sell. The people who will lose out will be the people who buy the dips thinking that the drop is a buying opportunity.



To: Roger A. Babb who wrote (6645)4/9/1998 1:32:00 PM
From: Peter V  Respond to of 18691
 
YHOO mania further bolstered by two analyst upgrades and one initiating coverage, all three saying outperform or strong buy: biz.yahoo.com



To: Roger A. Babb who wrote (6645)4/9/1998 5:21:00 PM
From: Timoteo  Read Replies (2) | Respond to of 18691
 
Roger-shorting YHOO prior to earnings was a gamble which I lost on. Fortunately it was only a 100 shares. I covered @ 109, and went long 200 shares @ 108 3/4 and put in a limit sell order @ 113 all this a.m. I was willing to hold until the inevitable split announcement, but placed the sell just for fun. Was away from the computer all day. Lo and behold, I get home from work and it filled -holy $%#^! Isn't America great. I probably should've waited for 120 and actually made some money on this stock instead of just recouping some loss. Also bought a big chunk of ASND @ 41; that didn't fare as well today, but...

Best Wishes,

Timoteo



To: Roger A. Babb who wrote (6645)4/10/1998 3:10:00 PM
From: toddy  Respond to of 18691
 
There is a saying, " Be careful of what you wish for.....":

Friday April 10, 12:35 pm Eastern Time

SEC approves new stock market circuit breaker levels

WASHINGTON, April 10 (Reuters) - The Securities and Exchange Commission said on
Friday it had approved new circuit breaker trigger levels for one-day declines of 10, 20
and 30 percent in the Dow Jones Industrial Average.

The new levels, which go into effect on April 15, were proposed by the securities
exchanges and the National Association of Securities Dealers to modify their rules on
cross-market trading halts during extreme market volatility.

The new levels were approved late Thursday by the agency.

Full report here: biz.yahoo.com

have a good weekend and good luck next week everyone.