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: Rational who wrote (3119)	11/23/1997 1:14:00 AM
From: Bill Harmond	Read Replies (3) of 27307

>>In the current Korean and Japanese banking crises, however, authorities are tightening by having banks force their borrowers pay off loans. Where did you get this? The problems the Japanese (among other things like cross-ownership of shares) and Korean banks face are loan defaults. No government is forcing any company to pay off any loan ahead of schedule. BTW, for you Internet-stock shorting junkies, the jury's still out but it looks to me like Amazon may be completing the top of the right shoulder of a classic head-and-shoulders top. It looks textbook. Heaviest volume on the left shoulder, less on the head, less still on the right shoulder...perfect symmetry. A break below the 44 neckline would confirm it, with a target of 30 or so (based the height of the formation calculated below the neckline). That's also the support level from the July highs. A breakout above 57 would obviously negate the pattern. I think a break in Amazon would have negative implications for Yahoo.

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