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: damniseedemons who wrote (2401)	11/5/1997 8:39:00 PM
From: Craig Schilling	Read Replies (1) of 27307

Sal I read this thread on occasion and get a chuckle every time from the comments. I can't figure out why people don't figure out that the momentum players chase the shorts out until the stock meets a resistence level, that currently is 56-58 and the momentum players leave when the resistence level is hit 56-58 and come back when resistence on the down side is hit which is around 45-47. They also sell when the overall market sells off because of the high valuation level. So at the current trading range you put in a limit order to short between 56-58 and wait and then put a limit to cover at 46-48. Then go long to take advantage of the individuals who try to short in between the range. One continues this cycle until a new trading range is established. I guess it's always easy in hindsight but that's what I've been doing and it seems to work for now. Craig

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