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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: LOGAN12 who wrote (22595)7/7/1999 10:23:00 PM
From: HiwayTrader  Read Replies (1) of 27307
 
Why I bought more Yahoo! today.
If you've been reading the expert opinions of journalists on the net, then you probably stayed away or more probably sold out today. However, I found the experts a tad misleading in their analysis. Blow by blow.... They say Yahoo sells off after reporting good earnings. Well, yes and no - they fail to mention that the selloff usually begins several days after earnings, when the stock has risen 60 to 80 points from where it was the day before earnings. I know because I have bought and sold the stock several times in the past. They fail to mention that previous selloffs after earnings also came at a time when the Net sector was already topping out. At a time when all the nets were reaching 52 week highs. Not so this time. True we have had a nice run lately, but we still remain far below the 52 week high, and this goes for other nets as well. The sentiment is very different today - nets are hot and should continue to stay hot through the release of earnings from AOL. Todays earnings release from Yahoo! was a watershed event, the net stocks will rally from here, and to the surprise of the Wise, anticipated pullbacks will be less dramatic then in the past.
-HiwayTrader.com
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