Re: On shorting eBay

Gerald Oskoboiny (
Wed, 27 Jan 1999 12:45:06 -0500

On Wed, Jan 27, 1999 at 08:48:57AM -0800, Dan Kohn wrote:

> We'll see how much longer I can hold out before I suffer a short squeeze
> like the rest of the fools who bet against Internet stocks.

So, this is pretty embarassing, but:

I shorted Yahoo last May at $117, thinking "this is insane,
there's no way it's worth that much. It has to come back
down pretty soon."

Then I did a bit of travelling and didn't really pay attention
to it for a while, and the next thing I knew it was trading at
$200 and I was getting nasty e-mail from Datek saying I had to
cover. Then it dropped a bit, and I bailed out at $156.

(it's now at $734, split-adjusted.)

Heh, heh.

Gerald Oskoboiny <>