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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: purecntry5 who wrote (2234)10/28/1997 2:25:00 PM
From: ItsAllCyclical  Read Replies (1) of 27307
 
I don't think what when down the fastest will necessarily come back the fastest. I reshorted yahoo at 45 after covering at 36. Usually we need to retest some lows before going substatially higher. After the short covering is over you may see people re-evaluating high PE stocks. I wouldn't mind owning yahoo at some point, but it needs to stay in the 20's and 30's for a while for me to be convinced it's hit bottom.

Jim
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