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To: Jan Crawley who wrote (40643)2/17/1999 2:25:00 PM
From: Slumdog  Read Replies (3) | Respond to of 164684
 
Hi Jan. I shorted YHOO at the open. 135. It immediately moved against me. In trying to develop some discipline, I covered. It immediately moved down! I dont know why or what i was worried about given the trend. I guess the wounds are still fresh............

Short again 130

Edit: I am obsessed with this stock.



To: Jan Crawley who wrote (40643)2/17/1999 2:32:00 PM
From: Sarmad Y. Hermiz  Respond to of 164684
 
Jan,

95 is an interesting level. Last time it turned strongly up from that.
the rest of the market was supportive. If my low opinion of momentum daytraders is justified, they will think that 95 is an area of strong support (ignoring the fact that today's market is not supportive for a bounce). So I think it will still bounce up from 95. Just the bounce will not last, unless NASDAQ is moving up strong at that moment.

Also, depending on how near end of the of the trading day we are. I think MS, others will try to keep it above 95 for today, hoping for a stronger market tomorrow to bounce up on. If we see 95 before 3 PM, then I think we'll close lower. Maybe 90, but I think there will be a lot of volume coming to to support lift it above 90.

I am hoping for a steady decline to 60 in the next two weeks. That is just a hope. I don't see any way to forecast that.

-Sarmad



To: Jan Crawley who wrote (40643)2/17/1999 3:16:00 PM
From: Stefan  Respond to of 164684
 
$95 support is broken.