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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: Director who wrote (24284)10/12/1999 8:46:00 PM
From: Stephen M. DeMoss  Read Replies (1) of 27307
 
I agree. He may need to unload it so he suggests it is a good entry point. It is obvious that YHOO is cratering here. It was falling before the market began cratering today and before intel reported. If he is truely that casual in buying stocks that are collapsing, he should never be listened to: EVER. Historically the week after options expire is weak for stocks. In additon, historically YHOO sells off after earnings. In addition, the max pan indicates both YHOO and AOL should be lower this Friday. Putting everything together, it is very UNWISE to buy either 'on the way out the door'. And btw, what is a broker doing going out the door before the market closed? It is his life. How can he be leaving before INTC earnings and Mot earnings come in? The more I think of it, he is either totally incompetant or definately is lieing. Steve D. My advise is not to buy for at least 6 weeks. I sold naked puts last week (Oct. 150's) for $4,000. My biggest worry right now is that YHOO will make me pay for them (down 23 points in 3 days?) at the rate it is shedding.
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