Altaba Inc. (formerly Yahoo) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rio Jangada who wrote (5489)	1/2/1998 1:13:00 AM
From: Mama Bear	Read Replies (3) of 27307

You know, I heard the same thing when the stock was in the 40s and low 50s. As a matter of fact, I sounded like you. I understand there were people thinking the same way in the 20s and 30s. Go to the top of the thread and read the opening message. Make sure to adjust the prices for the split. Everybody is so convinced that Yahoo! is going to go down just because it's a new year. I'm not so sanguine. My read of the technical chart says it's going to go up. A stocks price can climb higher than you can imagine. I'd wait at least for a test of the 20 day moving average. That's just under 62 now. Of course that's bullish, because that MA is above the last peak of 58 5/8. The chart shows a nice smooth triangular ascent. there have been two confirmation days of the break of the last high of 67 7/8. We're coming up on the earnings report and January is a traditionally bullish month. Everybody believes it's going to drop. The current theory on which people hang their hat is the reverse "January" effect everyone is expecting. But there are still no raging bulls. This is a well travelled thread, with a stock that is up 500% in the last year, and there are no raging bulls. There are raging bulls on every thread at the top of a run. I believe that's what Bill Wexler so wanted to see that drove him to his "weekend of madness" on this thread. I am starting to think that Yahoo! has just begun it's ascent. Hey, I might give up 10-15 points of the drop, but that could be from 200 to 185. Even if its from 70 to 55, I'm not inclined to put my money at risk shorting at this time. I'll wait to see some distribution first. I won't lose any money by missing the first drop, I just won't make any. That's fine, there are lots of opportunities elsewhere. Barb!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next