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 (5810)	1/7/1998 11:09:00 AM
From: OtherChap	Read Replies (1) of 27307

Today and tomorrow could be bad for Yahoo. The general market tone is down, down, down. Although I dont expect Yahoo to report a downside earnings surprise- they dont seem to mind spending cash, such as their investment in audionet today, so they cant be THAT worried about hurting their results. However, as soon as the earnings are released we should see a further decline as people quickly realize how ridiculously overvalued this stock is.. (I read where it ranks #1 in P/E ratio of all non-penny nasdaq stocks) Looking for close of 62 today, maybe 61.. And yes, there have been a lot of head fakes lately- price jumping up on almost no volume then large blocks of shares being dumped on the market. Manipulation is occuring, and the big boys are trying to exit this stock as quietly as possible.

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