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

To: Smart Investor who wrote (17056)	1/7/1999 12:10:00 AM
From: Mark[ox5]	Read Replies (1) \| Respond to of 27307

<<< My short position is not that big If your short positions are soooo small, how are you going to beat last year's 100% return? I mean even if YHOO dropped in half and your "vindicated", you said your positions are small... so a 100% gain on 5% of your portfolio.. leaves you a long ways from 100% return.... Hey Im the last guy to say these values are "justified"... but Im also not going to fight the trend. And if the bottom dropped out Id be more than happy to short myself... but shorting before an I-net earnings announcement, with a stock at levels it should at least split 2:1, and an industry leader seems likes a fools games... but what do I know. I'll just be dumb and make money... easier that way... P.S. When you short at 284, what is your stop loss? 10%? 5%? Just curious P.S.S. You wrote : "I am counting my 100% return on that strategy this year when corporate profits will be disappointing." 2 points.. 1)like someone mentioned, AMZN prewarned their "corp profits will be dissapointing... LOWER margins, no increase in EPS" and still went UP. Umm... hmm.. so what exactly worse news are you waiting for? 2) Try the strategy of buying calls a week before a blue chip internet announces earnings. Instead of losing money and hoping for 100% return shorting sometime this year, you can make 100% in 1-2 days based on people's crazy valuations on internet stocks. Much easier and quicker that way. Good luck, and like I said.. its not like I disagree many of these are overvalued.. but fighting the trend on wall street is costly. Easier to swim with the tide...