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

To: HG who wrote (18817)	1/21/1999 11:53:00 PM
From: Slumdog	Respond to of 27307

>> one wonders if he has nothing better to do with his time... I'll say. The guy has posted 23 times today.......................

To: HG who wrote (18817)	1/22/1999 2:01:00 AM
From: Howard Hoffman	Read Replies (3) \| Respond to of 27307

<<Hoffman has insisted on "knocking some sense into me" previously.>> As you recall HG, that was in a private message, thinking I was helping some poor soul who seemed to do nothing but spend her time posting offers to sell YHOO at $510. I felt sorry for you. The blow-off top was so obvious. <<Advice is given to people who want it - ask for it.>> You seem to dish it out, but you can't take it. <<Who cares what he has to offer ? I don't.....yet he insists>> Then why do you keep this up with your posts. <<one wonders if he has nothing better to do with his time.....>> Cetainly you hold the record for the most YHOO posts per day, per hour, per week, all time, etc. Talk about time. <<Of course I would appreciate if this topic is closed forever.>> I will be glad to eliminate the personal stuff, which, if you go back and review the posts, you started. <<BTW my calls are soooooooooooo ITM that I will never need to hedge them. My shares are hedged. Long and short positions, profits locked in. Satisfied ? >> Now I understand. "soooooooo ITM" --> Delta = 1.0 For every dollar drop of YHOO, calls drop $1 (x100 x no. of contracts, of course) Percentwise, the loss is greater than if you held shares. No wonder you are not acting like someone who is fully hedged. Unfortunately, all options are a zero sum game (worse actually, with the high slippage and broker fees). Calls gain, puts lose. Puts gain, calls lose. I have to admit, I wish I bought calls last October. Now is the time for profits on puts. By the way, a few years ago, I was on the Motley Fool boards for Presstek, having bought at 70 and sold at 114. I continued to follow as PRST ran up to 200. Today PRST sells for 7. Even though I owned none at the time of the PRST crash, and I wasn't posting, it was quite entertaining to see the posts. The posts on this board are quite civil still. If YHOO goes to 100, I'm not sure if things will remain that way. The PRST crash triggered a huge summer correction in the entire market. I believe that was the summer when the Motley Fools made the cover of Fortune in the spring.