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 Wexler who wrote (3932)	12/8/1997 11:43:00 PM
From: Peter Goss	Read Replies (2) of 27307

Some observations (not that the only two bulls on the thread really care): In the first week of october YHOO also made a new high breakout on good volume. This was followed by a sharp downmove culminating in the late october sell-off to $35. Everyone who bought the breakout got killed. The big short sellers (not us) have not caved in at all, but have in fact increased their positions as the price has risen. They have way more money than even Peter and Bill. They are very patient. They are right. As the general market underpinnings are weakening (earnings are slowing, all the market leaders are guiding EPS estimates lower, the Asia situation is real, deflation is real) investors are climbing all over each other to buy stocks with unfounded valuations. They eschew the quality companies to buy bloated hype stocks in an attempt to recreate the 30% annual return they have to come to believe is their god given investment right. The irony of seeking speculation instead of quality as the market fades should be clear to everyone. Finally, I will ask the question of the previous post again. What is your sell signal longs? I am dying to know. Peter

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