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

To: Tradewell who wrote (24502)	11/24/1999 11:58:00 PM
From: Director	Read Replies (1) \| Respond to of 27307

Tradewell... Not you too! I am not trying to COMPARE Tyco to Yahoo!. I am simply stating that the 10 point gain on ML's buy reiteration is a hollow one. It does nothing for a stock except to present a selling opportunity for those that may want to get out before the pullback. I watch how YHOO trades very closely, and I am a professional trader, and my experience tells me that it's ready to "take a rest" soon. I stopped using "logic" to trade these stocks. I rely on my trader's instinct. I'm rarely wrong for long... meaning that it may not happen Friday or Monday, but it will happen soon. You guys seem to get emotionally attached to YHOO, which is fine for long term holders, but not a trait that I can afford to have. I'm in and out several times a day, and even if I'm wrong about the short term direction of YHOO, I can still make money. It's just easier when the trend is moving in the direction that I call.BTW, you stated: >>Perhaps you should examine the trading volume of YHOO over the past several trading days<< I have been watching the volume very closely and it STINKS compared to the average volume YHOO does in an uptrend. NASDAQ has had record level volume for several days, yet YHOO is below its average. If the rise over the last month were "real", then the average volume should have been in the 8-12 million range. It has been closer to 4.5 million. If Blodget didn't make his "call" today, YHOO would have seen 210-14 today. Now it will be Monday or Tuesday for YHOO to fall through 215-17. Again, I may be a few days off, but I will probably be right. YHOO is out of favor with investors...there are too many new favorites to trade.