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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: HG who wrote (15939)12/7/1998 1:17:00 PM
From: oldcrow  Read Replies (1) of 27307
 
Happy girl,

Too hard to say at the moment. probably won't move until we get another barrage of "negative" articles released (which is quite doubtful IMO) or a barrage of "positive" articles indicating a substantial pick-up in internet shopper traffic (quite probable IMO)...Federal Express (FDX) already being pushed today as a likely beneficiary of all the hoop la.

in all honesty when YHOO fell through 182 last friday, the stack was showing the potential for a good 10-15 point drop. But then all of a sudden a succession of buys pushed through and triggered a rebound...go figure. Some one (with some big cash) figured that was low enough for an entry.

I'm out of YHOO for now, until a clearer direction emerges.

I'm playing the Dec 15 earnings run on CMGI. (my only internet for now) It bounced off the 65's then 68's, now holding 69-70. It's probably too late for any sort of warning...so I'm hoping for the best. Not too drag on with an OT post, but given how well some of their larger components have done, I suspect they will surprise handsomely.
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