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

To: purecntry5 who wrote (2770)	11/13/1997 4:24:00 PM
From: fut_trade	Respond to of 27307

CB - do you have any guess on how Japanese and Hong Kong markets will react to the late rally in the DOW and NASDAQ? Those two moved up yesterday while most of the other Asian markets moved down. Peter

To: purecntry5 who wrote (2770)	11/13/1997 4:37:00 PM
From: Don Westermeyer	Respond to of 27307

Actually Cowboy, YHOO is likely to bounce between $42 and $48 several times. If I understand correctly the brokerage selling the stock sometimes will short the stock in advance, then cover as the selling takes place to support the price. Of course who knows when when the bouncing will stop. I played the trading game with VIAS. It bounced twice and the third time the broker just dumped the the remaining 200K shares of the secondary with no support. Another good example is ONSL. Sold the insider stock at $28.25 three weeks ago and today it is at $18. I'm not saying things will be this drastic with YHOO, but who knows. I think it likely insider shares were sold today. The stock did hit $42 and the volume was a little high. It is hard to tell since these days there is a lot of volatility and the volume may have just been due to that. Don

To: purecntry5 who wrote (2770)	11/13/1997 5:05:00 PM
From: tech	Respond to of 27307

Actually, if I wasn't day-trading, and investing, then I wouldn't cover above 34 on Yahoo. But I rarely keep stocks like Yahoo for more than a week, let alone more than a day. I wanted to get Quantum...it hit my buy price, so I sold my Yahoo to get more Quantum. But if I were an investor who likes to wait out his investment, I would still be short Yahoo and wait for 34. I was giving investment advice, not day-trading advice. There's a big difference between the two...but I guess you and Supersonics aren't smart enough to tell the difference. Tech