Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (43529)	1/15/1999 2:29:00 PM
From: Tommaso	Respond to of 132070

let me check

To: accountclosed who wrote (43529)	1/15/1999 2:40:00 PM
From: Tommaso	Respond to of 132070

Well, the ZGHMP that I got at 52 5/8 is bid/asked at about 66/69 (keeps jumping around drastically), I think, but my earlier ones (before the one-day hundred-point jump) are only now getting back towards even. I have no hopes of truly dramatic gains, but would like to pump my capital up some for future reinvestment. These speculative things generally do not work out for me. But I finally got tired of looking at those logorithmic upward curves.

To: accountclosed who wrote (43529)	1/15/1999 3:03:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 132070

cnn.com Clinton urges Wall Street to invest in distressed areas Maybe this explains why the blue chips and techs are up. mike

To: accountclosed who wrote (43529)	1/15/1999 3:28:00 PM
From: Tommaso	Respond to of 132070

For those of us who aren't right there in a brokerage office watching what sorts of orders go in and out, it is impossible to know what the pattern is. But at some point the margin calls on YHOO on the downside are going to kick in, and may already have done so, just as the shorts were annihilated with that huge upward spike. When any new or remaining shorts are comfortably established with entry points high above the current quote, some of them will be willing to hold the short position rather than moving in and out, and others may be reluctant to establish new short positions because of the huge decline already in evidence. And at that point, without the subsidy of continual short squeezes, the market for YHOO can start to feed on constantly worsening positions of those who got in earlier on margin (long) and the disappointment of new longs, plus those who set up stop-loss positions. That may explain how YHOO can go against the general market today. Maybe we will see piecmeal popping of individual bubbles even in the absence of a huge general decline. Just some guesses.