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

To: blankmind who wrote (25837)	10/1/2000 6:35:56 PM
From: MrBuzz	Respond to of 27307

As long as the market is weak, YHOO will follow. More so as it heads into earnings to feel out the major support area. That's a head, forming on the chart patterns to me with a neckline $62. The stock is approaching $80, which serves as a 12-month base from last year. Since the beginning of the year, we have seen a descending triangle, with a breakdown showing itself last week. Since this April's decline, the stock has been trading below the 200 MA (with many attempted tries above it that failed). I expect more follow through. MLCO's Blodgett estimated that Yahoo's 3rd quarter revenue estimate will be around $280-$290 million. That looks like a slowdown in revenue growth compared to last quarter's $270 million. Insider trading is looking like a lot of 144's lining up to me. Predominantly sales. Of course, the one to watch is Softbank. Barclays, Janus, and Goldman Sachs appear to be buying slightly (as of last quarter). However Fidelity unloaded some 2.5 million shares according to my research. $50 billion market cap, 250 P/E... overvalued even for a brand name. AOL has more "there" underneath. We have earnings coming around October 10th. Should be interesting. Watch YHOO to test the $80 levels as it approaches earnings. I also would watch AOL for possible weakness into the $50 area. MrBuzz whats-the-buzz.com