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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 Harmond who wrote (2360)11/3/1997 8:21:00 PM
From: Bob Kimball  Read Replies (1) of 27307
 
The difference between YHOO and IOMG is...
The timing for their rises relative to the market's condition. IOMG was perfectly timed to be manipulated up in the sweet-spot of the market's overall rush. YHOO was too late an IPO to catch that wave. The fact that YHOO and companies launched in its timeframe generally didn't match IOMG should tell us something about pervasive sentiment. The bulls just ain't as bullish as they used to be, either because they are having a few awkward moments of disquiet now and then, or because they are out of dough. I see that a lot on the SI boards... "I wish I could've bought (that dip, those calls, etc.) but I'm out of cash." YHOO is a good, smart company but outlandish as a long stock play. There isn't enough bullish drive around to push it to new highs, so instead it's going to make some new lows, IMHO.
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