SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: Pruguy who wrote (22834)7/11/1999 5:50:00 PM
From: im~ristine  Read Replies (2) | Respond to of 27307
 
OT***ALERT***NEVADA CITY, CALIFORNIA(DughStreet.com)Yahoo
Karma Analysis For Immediate Release.
equipoetry.com



To: Pruguy who wrote (22834)7/11/1999 5:54:00 PM
From: -  Read Replies (1) | Respond to of 27307
 
Pruguy, you're right - details are indeed all-important. What I was referring to was Friday's light volume (only 7M shares). Volume in the preceeding three days (TU-WE-TH) was indeed heavy, above 15M shares each day. Friday the stock went to sleep after the opening activity, the fall below $165 was on light volume. We are setting on a support ledge here at $160, it shouldn't come in more than a few points intraday before rallying. I've been surprised by this stock plenty of times before though, try to keep it on a short leash.

It should be noted that, most of the "down" volume post-earnings occurred in the last hour on Tuesday 7/6. On Thursday 7/8, the MM's gapped it up to $173, causing 4M shares to trade in 30 minutes in the process of selling it at as high of prices as possible, to some post-earnings Bulls.

Not surprising at all to see a 4-day pullback post-earnings, given how many were planning to sell right at earnings to avoid a pullback.

-Steve