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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: Bill Wexler who wrote (775)6/20/1997 12:48:00 AM
From: Bill Harmond   of 27307
 
>>That's exactly why insiders aren't buying Yahoo stock. They aren't expecting to make any money.

You should call the company and ask how many options the insiders have been granted in the recent past.

>>Since Yahoo is supposedly going to go up forever, and earnings are irrelevant to this company, I wonder why they aren't buying instead?

I think you're turning cynical. You should have your Smith Barney buddy explain the MACD indicator to you. The first rule of short-selling is "Don't fight the tape."

The second rule of short-selling is don't fight Wall Street professional opinion:

quote.yahoo.com

The third rule of short-selling is "Don't short leadership." Yahoo is the strongest stock in the Internet stock universe:

isdex.yahoo.com

The other day Marty offered us great insight into the psychology of denial:

"It is clear that you know everything about this stock except the direction of the price. The more the price goes against you, the more you pull out statistics and attempt to demean those you don't convince."

I didn't find you demeaning myself. But I do think you're in denial. Denial can get really expensive.
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