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


To: Simon Withers who wrote (18171)1/14/1999 1:31:00 PM
From: Mark  Read Replies (3) | Respond to of 27307
 
There seems to be lots of fear built into the Yahoo! stock price right now. Nervous sellers, tentative buyers. As soon as the profit takers filter out I predict the price will work its way back to 400-450 range. The beta on this stock is high enough and the float thin enough that I would bet it could rebound to the 400-450 level within a week or so. Market sentiment on Yahoo! is currently negative, you only need a small reversal in that sentiment to start blasting the stock higher.

If CBS MarketWatch IPO blasts off, that alone might be enough to reinstall confidence in the market.



To: Simon Withers who wrote (18171)1/14/1999 2:08:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 27307
 
The only reason I can see to be in this position is either to avoid paying taxes (and I can well understand why any YHOO longs would feel that way), or in order to be able to talk in the bar about your big positions without actually carrying any risk.

You are right that there is no good reason to be in a 100 shares boxed position here. It's too early in the year for tax considerations. I bought the shares at $184 shortly after Thanksgiving week and tried to trade a few times and end up a boxed position. My options here are to close the box or try to trade a few times - a daily decision.

However, there is one advantage in trading box; as long as the box is closed, gap up/down is of no consequences.