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: Bill Harmond who wrote (12637)	7/11/1998 3:14:00 AM
From: Da Zipstah	Read Replies (1) of 27307

>> If many of the Yahoo shorts had been using technical analysis they wouldn't have kept their damaging positions. They would have cut and run.<< Dead wrong, William. TA (and simple logic) was the foundation for establishing my short position. To cite but a few technical indicators, stochastics were flashing "overbought" more than a few days ago, and divergence from the 50-day MA is still ridiculous. Shorts, using TA properly, ADDED to their positions during the recent run-up. I did, and am showing a pretty decent profit.... And now we're looking at a possible "head and shoulders" chart formation, implying further downside potential. Your explanation of "resistance" and "support" was very good, however. Aloha and happy investing, Da Zipstah

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