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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: Don Westermeyer who wrote (4926)12/23/1997 6:20:00 AM
From: Bill Wexler  Read Replies (3) of 27307
 
Will the Sal Habash contrarian indicator work yet again?

Note these posts from the ASND thread from last winter, particularly the one from Sal:

Message 674933

Message 676220

Message 703318

I've noticed that there is a startling correlation between Sal Habash showing up on momentum stock thread with a bullish projection and the stock immediately tanking. I believe that in an earlier post I pointed out how he picked the absolute top for Zenith when he showed up on that thread to advertise his paper on momentum investing.

The last two times that I remember Sal popping in on this thread, Yahoo took a haircut for a few points. Now he comes back with 4 posts in a short time period, expressing a bit of concern about general market conditions but proudly announcing that he is an unhedged long. He also calls AOL a "beach ball".

No offense to Sal, but couple his re-appearance with the posts by short-sellers concerned about the stock going to 200 and putting in limit orders to go long - and I'm going to have to place tounge firmly in cheek and make the bold prediction that we have reached our top - and Yahoo is now in for a serious drubbing.

P.S. Sal also claims that he's going to become a "legendary shorter" - which leads me to think that I'm going to be watching his short picks carefully for long ideas! :^D
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