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: Howard Hoffman who wrote (19904)	2/10/1999 8:47:00 PM
From: Matthew L. Jones	Read Replies (1) of 27307

Howard, Good points. How much of the "correction" do you think is the result of the "talking heads" analysts on CNBC predicting a "correction" and the first down day scaring the longs out of the market (no buyers). As I watch the quotes and the up momentum stalls, the bids all start getting lifted in droves. When it finishes its freefall, the buyers start tip-toing back in in 100 lots at first, then larger orders eventually follow. I personally believe that YHOO broke its first support level (50 day average) and fell to the -2% std dev lower bollinger band ($128 3/4) and rebounded. I expect it to range slowly upward tomorrow until the media finds something positive to blame for a rebound rally into the weekend. I'm calling for a near term top for YHOO of 196! Within a week or so. I don't buy the meltdown argument nor a major deflation until possibly the 3rd quarter. We'll see. Matt

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