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


To: Chuck Molinary who wrote (16147)12/21/1998 5:29:00 PM
From: Smart Investor  Read Replies (1) | Respond to of 27307
 
Chucky,

I shorted at $220, and covered at $185 during the pull back. I am not losing a dime with YHOO despite all the hype and manipulation by the company and some analysts. I am in the process of establishing a short position again around $250.

You got me right. I think the current Net stock mania make a circus out of the stock market and some analysts. Who said gambling is illegal except at a few casinos? What is happening on Wall Street is gambling, pure and simple. Allowing such mania to happen is dangerous, and I believe that Federal Reserve may do something about it soon. After all, why should the Fed only pop up the market when it is down but close its eye when it gets out of control. A maniac market is as dangerous as a rapidly descending market.