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 (14216)	10/3/1998 1:56:00 PM
From: MSPutnam	Read Replies (2) of 27307

William, Bear Stearns (BS) upgrades Yahoo from neutral to buy at 120. You bristle at suggestions that they may be juicing the ball for the last homestand. If you are right, then there seem to be two alternatives: 1. BS is doing fundamental analysis. They are in possession of information that, whereas Yahoo was overvalued (or perhaps fairly valued) at 40 and at 80, it is undervalued at 120. 2. BS is doing momentum analysis. Being conservative, they waited until Yahoo reached 120 before concluding that it is on an upward trajectory. Which is it?

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