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: Grandk who wrote (24571)	12/1/1999 6:41:00 PM
From: Director	Read Replies (2) of 27307

High volume today... Huge volume compared to recent 3 million share days. Where did that take YHOO? 228 7/8... 227 after-hours, just above Monday's closing price. The arbitrageurs did their best to drive the price higher... the selling was too much for them to have much of an effect. What's next? Well, let's see... there probably won't be more "once in a lifetime" news to move YHOO higher. I think that YHOO continues where it left off in Tuesday's trading... a correction. The S&P just slowed the inevitable decline to more earthly levels... around the 160 to 170 range. Their P/E ratio would still be over 800, but what Internet investor cares about P/E anyway? Until now. Many people are learning that stocks like YHOO are not really worth anything close to the price that they are trading for... and that is slowly being reflected in the trading patterns of YHOO... low volume and the price beginning to trend down. The smart money has already gone... the rest are wising up daily.

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