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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: david who wrote (5857)	1/7/1998 5:55:00 PM
From: Rational	Read Replies (1) of 27307

Some analysts say very highly about a company before the company is about to give warnings. For example, an analyst from Goldman Sachs (or Solomon Brothers) talked very highly about QNTM with a price target of $80 in a year and a lot of innocent buyers bought that day with the price rising from 27 to 30. Of course someone was selling too. [Goldman was one of the largest shareholders.] The next day the price went down to 26 and so on to 19 a week later when QNTM warned about earnings falling below expectations. CPQ and Dell dropped today. Merrill should have bought these shares heavily if their analyst is right. I do not know if many investors trust these analysts any more. Sankar

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