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: Bill Harmond who wrote (7169)	2/6/1998 12:18:00 PM
From: Oeconomicus	Read Replies (2) of 27307

Insiders can only sell after the date earnings are released until the 30th day before the end of a fiscal quarter. WH, if insiders sold Sept 17 last year, your statement would seem to be in error. Perhaps the date was wrong, but that's not the point. The point is that six people sold over $10 million worth of stock almost the moment they were allowed to. That's almost $1.8mm each on average. Perhaps they all just had to pay off their million dollar 7.5% mortgages. Perhaps they wanted to diversify. Who cares why; the fact is six insiders sold $10 million worth of the greatest stock on earth. What are the rest of the 140+ people with 6 million+ option shares supposed to do when their bosses are cashing out seven figures each? Sit on their shares 'til retirement? I think not! Any significant increase in the float matters and it has been increasing quite a bit over recent weeks. One day this stock will have to trade on its own merits, not on how easy it is to squeeze shorts. Bob

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