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Yahoo! Inc. (YHOO) Message Board

  • AccidentalTraveler AccidentalTraveler Aug 17, 1999 4:20 PM Flag

    Ah, the Market's cruel game with Shorts

    For several days in a row, the Market has been
    giving false signals of a sell-off (i.e., stock price
    going down) in the middle of the day, only to reverse
    the trend during the last hour. Today is no
    difference. YHOO was traded during pre-market at $136 1/2, a
    gap up of almost $2 from the previous day. This
    caused some Shorts run for cover, pushing the price up
    to its intraday high of $139 1/2. But starting
    around 10am, it appeared as if the stock price was
    heading south. Throughout the whole day, the stock was
    looking staying south, giving potential Shorts hope of a
    quick profits. The drama began about an hour before
    close, when some Shorts were sure of a feast waiting for
    them the next day and jumped in, the stock turned
    around to head north and closed higher than opening
    price. This will make some Shorts panic overnight and
    possibly make them bid up tomorrow morning, causing
    another AM gap up. How long this vicious game the Market
    is playing on Shorts will continue? If you ask
    Longs, their answer will be "don't know, don't care, but
    love every minute of it". If you ask Shorts, their
    answer will definitely be "we are screwed".

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YHOO
35.90-0.22(-0.61%)Jul 28 4:00 PMEDT

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