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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (22825)	7/11/1999 2:03:00 AM
From: -	Respond to of 27307

KM, Yes, the confidence level that YHOO "must" rally into earnings and sell off after earnings provides a near-perfect contrary indication. It did rally a bit in front of earnings, but the likely play is on an unexpected move up after the earnings - like this week or next. The "CW" says it will continue to selloff, that there is nothing to rally it. It was clear in advance that it would indeed selloff after earnings, so many holders have become conditioned to sell at/after earnings. The question is, will anyone else want to step in and bid for their shares now? If so, we should see a snap-back rally soon. No guarantees, of course! I don't like to set in this dog, it's too unpredictable. But, if it does start acting strong, could be good for another ride above $180. -Steve