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: Robert Sievers who wrote (7335)	2/13/1998 7:41:00 PM
From: craig crawford	Read Replies (3) of 27307

<< If this thing starts falling, everybody and his brother-in-law will pile on the short side, one fund will decide to do some profit-taking, other funds will join in, and all the daytraders and weektraders will run for the hills. >> Let's look at the other side. If YHOO jumps a few of points and breaks out to the upside everybody and his brother-in-law will scramble to cover and mo-mo guys will jump in on the long side. Most people who hold YHOO won't sell because it will have just broken out of a long base. They will know that they have the shorts on the run. You will probably get some selling around 70-71 because that is a previous point where YHOO topped out. Once you clear 71 on some good volume there is no overhead resistance to speak of. Then your looking at a huge possible explosion to the upside. 80 could come real quick. << All the William Harmond and Peter Futelo's of the world won't be able to buy enough to keep it over 50. >> And all of the Otherchaps and Robert Sievers of the world won't be able to short enough to keep it below 71 to stop the momentum. Just look at AOL. Could easily happen to YHOO as well.

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