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: LRS who wrote (7511)	2/19/1998 5:50:00 PM
From: Bankceo	Read Replies (4) of 27307

BigB--how can you call a few trades with the largest at 5000shares in the closing minutes a stong finish. Today's volume was about 63% of the 30 day average---weak. A strong buying pattern would have large blocks at or near the close. Yahoo is under distribution--clear and simple. Sequoia fund is bailing out; insiders are selling virtually all of their positions. In isolation, neither of these events is dramatic; in concert, you have a liquidation trend. The 52 week low on the stock was 14 and change. Even a 50% retracement--common correction rule of thumb from the $71 high would return the stock to $42.50. Given what all of you have been printing about the reduced advertising rates and the superficiality of the site hit counts would lead one to believe that it all will be revealed in a form of an early warning release by Yahoo in mid-March, that they are not going to meet their numbers this quarter. March 50-55 puts are an excellent strategy here---timing is right.

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