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: purecntry5 who wrote (3242)	11/25/1997 5:29:00 PM
From: Bill Harmond	Read Replies (1) of 27307

>>The SEA problems dont worry you? I think the crisis is past, at least as far as the general US market goes. Today's market is remarkable to me for what it didn't do. There are alot of leadership stocks acting too well again. The Utilities have broken out bigtime, and stocks generally know more than we traders do. IBM, Microsoft, Uniphase, Rambus, Cisco, Siebel, and Yahoo are good examples. Yahoo broke above its 50-day on very good volume, after finding support on the 20-day. That may sound like hokus-pokus, but the 20-day is a key average used by technicians for establishing an indicator called Bollinger bands. I don't think Yahoo is going straight up here, but I'm feeling much better about a sideways consolidation instead of a decline...so I'm long again.

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