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: Rene Madsen who wrote (19833)	2/9/1999 1:52:00 PM
From: Howard Hoffman	Read Replies (3) of 27307

One more thing: It would be nice if stocks went up at a constant, predictable rate. Then they would be a sure thing. Then everyone would buy the fastest rising stock. That is what happens. This drives the fastest rising stocks up the most, the fastest. They get too high. Then they have to correct. This is a large part of what technical analysis is about. The more a stock or a sector is ahead of itself, the greater the risk. There are more naive investors in the Internet stocks with more $ than ever before in any sector in history. When these investors start feeling real pain, then they will be puking out their shares and there will come a selling climax. Then there may be some sanity restored to the sector.

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