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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: ricecr who wrote (12640)7/11/1998 11:00:00 AM
From: Elllk  Read Replies (1) of 27307
 
Look at a 2 month chart of Presstek (PRST) from about May/96 when it hit 200. Obviously the rise for both was exhilarating but you don't want to be around for the denouement of Yahoo if it follows the Presstek model, which is probably the closest, relatively current, approximation we have to the rise of Yahoo as well as the psychological and other factors involved in the rise.

There are some differences. There is probably a bit more reality for Yahoo in the potential valuation through potential internet predominance (of course, I think the doubled potential phrase is correct usage here). On the other hand, there is a lot more competition.

Presstek also split 2 for 1 to try to maintain the momentum. It is currently at a 11 1/2, or pre-split price of 23. It also had a wonderful new technology and although everyone knew that squeezing the shorts was playing a part in its rise, it seemed unstoppable.

Interestingly, the surge of the past 2 months for Yahoo and the final 2 month surge of Presstek to 200 are almost carbon copies (with Yahoo's surge, in fact, being a little sharper and steeper) indicating that we may be dealing with a similar, overriding dynamic, which seems likely to be the much stronger role being played by the short squeeze than initially thought.
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