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


To: tonyt who wrote (16786)1/2/1999 12:51:00 PM
From: The_Guru_00  Read Replies (1) | Respond to of 27307
 
4/1 split and a downturn would put it at $20, which is where it would have been 3 months ago (post 4/1). 4/1 too aggressive IMO. They will do something to excite the lemmings again. Tough call is do you stay short on the 11/12th or cover and hope they split, etc. and reenter much higher once the greater fools reappear.

Guru.



To: tonyt who wrote (16786)1/2/1999 1:21:00 PM
From: Jan Crawley  Read Replies (2) | Respond to of 27307
 
Well, Yhoo's current float is 40 million shares; with 3 to 1 split, the float will be 120 million shares...Shares issued/outstanding will be over 300M. It will be tough to show a decent earning numbers in 1999. At this point, 3 for 1 would be good for short-term MO traders only...

I think that there were quite a few naked retail call sellers(wrote Dec/Jan calls) in Amzn during the sep-oct period; because there were not much Amzn "short shares" available. I don't think that there are many in Yhoo.