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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: Sabrejet who wrote (23005)7/15/1999 5:19:00 PM
From: Jeff Dryer  Read Replies (1) of 27307
 
I don't believe it a short-term news event that has already been factored in. My observations are that Fidelity's actions have long-term implications. Being the World's largest mutual fund, Fidelity is a leader, and therefore a benchmark for others. Many mutual funds mimic Fidelity's actions. It is almost a certainty that Fidelity had good reasons for selling part of its AOL holdings (and likely other Internet holdings) and Fidelity may not be finished yet.
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