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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: Shafik Habal who wrote (21862)5/25/1999 1:46:00 AM
From: Shafik Habal  Read Replies (2) of 27307
 
Followup on YHOO: If you chart the stock, an interesting pattern becomes obvious. Around late december 98 and early january of this year, take a look at the run the stock made. It made exactly the same run (almost mirror image) in early april. Now, the stock has retraced all the way back to the levels seen at the beginning of this year. Its possible that this run it makes every 3 months is an anomoly or perhaps indicative of the way this stock will be making future moves (in early july) as well. At the moment, Williams % R indicates very oversold (-98) and its on the lower Bolinger Band, which has in the past indicated a short term bounce possible soon. I'd welcome thoughts from those more experienced with technical analysis.

One last thing, Airtouch (ATI) was on the SPX (s and p 500). Vodafone's acquisition of ATI was approved by share holders this evening. I still think sometime this year, YHOO will get added to the SPX.
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