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

To: LOGAN12 who wrote (21896)	5/28/1999 7:45:00 PM
From: -	Read Replies (3) \| Respond to of 27307

YAHOO -- 14+! Per Cramer on www.thestreet.com, and my own observations during the past month's internet sector correction, what you've had going on is: 1. Insiders selling to diversify, in front of the "Reg 144 window" which prohibits them selling closer to earnings. Those windows are coming to a close. Makes sense for a lot of them to diversify, with all the talk of the impending "bottom falling out" of the net sector. 2. An internet-sector news vacuum, occurring at a time while the "Bond Bears" are doing a good job at spooking the broader (stock) market. The correction started when Bezos spooked the street in AMZN's last post-earnings conference call. 3. Wall Street firms selling huge derivative packages to big insider holders at these firms, across the sector - essentially, the insiders surrender some of their unrealized capital gains to the street in exchange for a big bundle of puts, and the piece of mind that they're protected to the downside. When the Wall St types sell these things, they then must turn around and sell the underlying stock short to hedge themselves into a "delta neutral" position. Result: huge selling like over the past month, to establish these hedges. Great shorting window, but watch out for YHOO if it cracks back through the overhead at $150 next week! -PATrader