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: IKM who wrote (5803)	1/7/1998 10:55:00 AM
From: Rational	Read Replies (1) of 27307

Exactly! This is my observation too, based on trades. No long-term buyers except a manipulator, IMO. Only day-traders are in the game and true longs have been exiting. BTW, Softbank parent company just announced profits; but not based on consolidated income (taking all subsidiaries)! It is strange that Japan does not require companies to publicize consolidated income and balance sheet. They want to change the policy, but fear their banks will be exposed. Not many investors know the Asian contagion afflicting Yahoo! in a very different way via Softbank. JMO << OT a bit. I believe I've been seeing several head fakes in this stock this week, if my understanding of the term is correct. I.e., sudden buying on enough volume to spike the price higher, then dumping of shares at a higher plateau in much greater volume as trend watchers jump in. Shortly thereafter the price resumes its decline through lack of support, and the buyers realize they've been had. Forming, of course, a nice little head in the chart. Comment?>>

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