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


To: Bob Trocchi who wrote (3060)11/21/1997 9:56:00 AM
From: William Minich  Read Replies (1) | Respond to of 27307
 
Yes Bob, short term swings are extremely hard to predict. Fundamentals will also come into play..I believe this stock has a lot of volitility to it. The upward swings seem to be slowing a bit and when this one crashes I believe it will crash hard. Note the significant volume as the stock tumbled during the "meltdown"...investors seem a bit skiddish on this one...

I think shorting this stock with the up market will require some patience. However, I also believe this stock will turn down quickly once the market settles down a bit and we have a few down days.

If it breaks the 60 barrier and CONTINUES to move forward I will watch it very closely...eventually the fundamentals will catch up with Yahoo..perhaps quicker than we think...however, short term market pricing sometimes has little rhyme or reason...

I'm holding strong until I see major play over 60...