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

To: Don Westermeyer who wrote (3205)	11/24/1997 5:59:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 27307

Don, being a rational short (I hope) I can see your viewpoint. However, I don't see institutional support holding up yahoo. Most of those guys bought below 30. Even Everen which recommended yahoo back at 36 recently gave them only a market performer rating. So at 48 yahoo has appreciated over 30% from 36 while much of the market has continued to retest Oct lows (market performer???) I think it's individuals not paying attention one lick to fundamentals that's keeping this baby afloat. Last quarter's earnings were mostly favorable do to investment earnings. When you see the sales growth rate slow (which is inevitable when it's over a 100% in the past) you'll see even more selling. What has changed since the last time Yahoo was at 36 is that it continues to make lower highs... 58 55 54 52.......48-45 should be next. Jim