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: Michael Collings who wrote (10953)	6/2/1998 5:30:00 AM
From: craig crawford	Read Replies (1) of 27307

<< Would you mind letting me know when to cover my short? >> Yesterday? The Nasdaq is 9.6% off it's highs, close to that 10% level where people start putting some serious money to work. Should be good for at least a bounce. YHOO, DELL, and INTC have all been down exactly 9 out of the last 12 days. DELL has been down 7 out of the last 8 days. MSFT has been down 6 and up 6 in the last 12 days, but just before that was down 10 out of 11 days. I choose to cut loose YHOO and deploy more funds with the mighty DELL at the close. DELL is sitting on it's 50DMA (maybe a fraction below it) and hasn't been below the 50DMA since early January. I'm looking for it to take a stand at least temporarily. YHOO until just recently hadn't been decisively below it's 50DMA since late January. I think YHOO looks a little more risky than DELL right now. MSFT has been below it's 50DMA for a short while now, but has support in the 82 range. Resistance looks like the 50DMA. INTC looks like a lost cause being below all of it's declining MA's. C$CO looks good holding right at it's 50DMA today which it hasn't been below since March. C$CO has been down 7 out of the last 12 days. LU and TLAB have both been down 8 out of the last 12 days. IBM has been down 9 out of the last 12 days but also down 6 days in a row. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Ok folks, that's your tech round-up. My opinion? I should have bought C$CO at the close instead of more DELL (78 9/16), but I think all techs are due for a good bounce. I also took a stake in BRCM at 49 after waiting for a decent entry point.

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