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: RDR who wrote (18619)	1/21/1999 3:30:00 PM
From: Howard Hoffman	Read Replies (1) of 27307

<<I just watched the ticker again and within two minutes the bid sizes were (around 10:40 AM)2500, 2800 and 10800. I wonder who is buying it now...>> Not me. If funds have billions to invest, they may be willing to average down a bit. Every fund manager wants to be able to say they own some Internet stocks. They would like to say they bought them a year ago. Most fund managers do not like paying 1500 times earnings. I'll commit to buying if YHOO gets down to 25. I may even buy at 50 to 100. Above that, I may try to ride the next momentum wave. But only after there is a firm bottom. Last real bottom was around 84. Of course that was long ago. October '98.

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