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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: oldcrow who wrote (16569)12/30/1998 9:46:00 PM
From: Dave Mansfield  Read Replies (2) of 27307
 
I'll take a stab at this one.

>>Say, SI, or Guru, let's hear some reasoning for the proposed sell-off on the 4th...are we talking simple tax maneuvering, or are you arguing that the end of the "nets" (as we know it) is at hand?<<

Tax sell-off is part of it. Read some of the old posts on this thread where people who are long have said they'd like to delay taxes until next year. Second point. Look at the mutual funds which own this stock. To make it on their year end statements, they've got to own it on 12/31/98. If they sell before that date, their shareholders will not see their beloved Yahoo on that statement. After 12/31/98 those same mutual funds will be able to tell their shareholders what a great job they did by holding it in 1998. Then they've got to think about 1999. Got some pretty big gains on Yahoo. Should we lock them in and sell a significant portion of our holdings or should we roll the dice again and hope for another 200, 300, 400, 500% gain and pray that there's no significant fall-off? Tough question. But if any of them start selling and that combines with individuals that were trying to delay taxes until 1999 then look out. Bottom line the short term upside looks pretty limited, the short term downside? Hmmm?

Let me try this link to an interesting story/theory.
money.go.com
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