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


To: John O'Neill who wrote (11119)6/13/1998 12:06:00 PM
From: Andeveron  Respond to of 27307
 
>> I covered my short sale at 111 9/16 on Friday. <<

I covered at 112, 4 points is good enough for me. Watched the market come roaring back mid-day and the net stocks didn't trend low enough for me to be comfortable in staying short. A lot of strength in YHOO and AMZN. I didn't jump in long like I usually do after covering a short sale but I'll wait to see how the market trades on Monday. I still have my short open on XCIT; the secondary offering on Tuesday pretty much guarantees that the price won't run much higher and I'll make a couple of points when I cover at 63 or lower. After the secondary; all bets are off since it can run either way.

>> We may have another rally after Q2 earnings are over <<

Yep, I'm going long on all search engines before Q2 earnings; YHOO should report another strong quarter and lift everyone up with them.