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: Slaran who wrote (2813)11/15/1997 12:20:00 AM
From: Don Westermeyer  Read Replies (1) | Respond to of 27307
 
Slaran,

Unless some oil well go up in flames, I doubt Iraq will have much effect on the market. Japan is way more serious from what I've been reading.

IMO people trading this stock are not in for the long term. Look at the daily volume compared to the float. The entire float turns over in just a few days.

I can't believe this stock is running up with a looming large stock sale, potentially down to $42. I thought at first is was a short squeeze, now I'm thinking it is foolish traders.

Those insiders will be happy to get more money for their stock and a squeeze would be suicide. Mabey the broker selling the stock is spinning up the price before the selling starts.

Don



To: Slaran who wrote (2813)11/15/1997 12:26:00 AM
From: Bill Harmond  Read Replies (2) | Respond to of 27307
 
>>The AOL rumor will fizzle out by Monday.

I agree. AOL buying Yahoo doesn't make any sense to me either.

Unless Saddam has developed some effective blackmail strategy, he's a non-issue to the markets. Desert Storm in January, 1991, set off a spectacular stock market rally on the very day the war started.

I'm thinking that Yahoo has more correcting (if not in price, then in time) to do because it topped so recently. On the other hand, I think the US tech-stock market is ending it's correction that started in July.