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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: Bill Harmond who wrote (7960)3/7/1998 6:58:00 PM
From: Michael Collings  Read Replies (1) of 27307
 
Hey William:

I would really like to see you open your eyes. This can't last and you are going to get caught in a torrential downpour and very soon.

This is a classic blow off top forming right now. I doubt anyone knows how much longer, if any, it will last, but it has all the signs. Don't let the story get you blind sighted. This stock will go back to the 30's fairly rapidly and even that is "overvalued". But at least at that price it still has all the "potential" factored into the price.

Brokerages are tightening up the numbers of stock they will loan out. That means there won't be a lot of buying pressure when this thing drops.

What you need to realize is the stock price really has nothing to do with anything other than how many people can be suckered in to buy this thing before it collapses. We are almost there.
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