Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Paul Viapiano who wrote (22823)	7/10/1999 10:02:00 PM
From: -	Read Replies (2) of 27307

OK, since we're all opening our "YHOO hope chests" here, how about another one: delayed reaction to earnings. I have seen this happen before... the funds and institutions disguise their true reaction to earnings, holding back... let's the small guys spook out of the issue... then a week or two later: WHAMMO! - the real reaction, as the stock explodes upwards. Could easily happen here - it was a decent earnings report (despite Abelson's all-too-predictable gloomy spin). That's why I'm stalking this pullback carefully intraday next week, looking for a reversal upwards to jump onboard for the ride. One clue that this might be happening, is the listless, low-volume trading; that is often followed by an explosive move in one direction or another. It would be a great time for the bigger buyers to pull this one, since the stock was so vulnerable to a post-earnings selloff... just look at the number of people who declared on this thread "I'm going to sell after earnings". That works to the accumulator's advantage, lowers their VWAP and helps them build medium & long-term positions. -Steve

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