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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: Oeconomicus who wrote (8617)3/20/1998 12:07:00 PM
From: Bill Harmond  Read Replies (3) of 27307
 
>>Have you considered that Koogle was simply quoting some figure that may have been true at some past reporting date, but may not be true now?

>>Have you considered that Fidelity and other institutions may have been playing the momentum/short squeeze game and were selling into the squeeze?

RD, you're getting out on really thin ice. Koogle talks to institutional investors every day. Also, use your head. Do you think the stock could be at 84 if the float was expanding the way it has been while institutions were liquidating too?

I have Montgomery pulling up stats from Bridge or Bloomberg, but here's some corroboration. The February S&P Stock Guide (published in January) showed institutional ownership of 7.6 million shares (15%), which was in line with Media General, Peter's source.

Media General is now showing 25% institutional ownership as of 3/19:

dailystocks.net

The long-term growth rate is anybody's guess. The stock is telling the story better than anything else. Reagardless of all the talk of bubbles around here, Yahoo is in a stable, seasoned uptrend that is 14 months old. The support trendline for this advance is at around 60 and the line is going up at around a 275% rate.
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