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: Bill Harmond who wrote (3122)	11/23/1997 1:59:00 AM
From: fut_trade	Read Replies (1) of 27307

<<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.>> William, what does your textbook say about stocks in which 67% of the float has been sold short. I don't think AMZN will behave in an expected manner. I don't know who's crazier, the people that ran AMZN up or the people who shorted it while it ran up. This is fascinating! If there are no insider sales -- AMZN might just hang there for years until the earnings catch up with the share price :) Peter

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