Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: PeterGx who wrote (4860)	12/22/1997 2:25:00 PM
From: IKM	Read Replies (2) \| Respond to of 27307

* I think some of the denizens of this thread interpret a bandwagon effect to be manipulation. There are players who understand the rules and those who don't. If those who can move large amounts of capital around are playing by one set of rules, and you're not attuned, it can be disaster. Point one: internet advertising stocks (YHOO, AOL) have benefitted from the exodus of capital from tech stocks seen to have greater exposure in Asia. Two: Nobody with a large gain this year wants to realize that gain before the end of the year, for tax reasons. Three: In the face of this, shorts are giving up the ship and taking the loss against this year's income, again for tax reasons. The relatively small float and the uptick rule have aided the longs, in that small volume can move the stock tremendously, but shorts can't move it beyond an uptick and the availability of stock to borrow. There WILL be a reckoning, but it is difficult for anyone to maintain their conviction in the face of withering fire such as the momentum the internet advertising stocks have seen. Having deep pockets helps as well. Last year, it was the routing equipment stocks that were having this type of run. For instance, look at ASND's run leading up to year end, and then earnings on 1/16/97, in which they beat consensus by 1-2 cents per share. ASND's three-year chart: dljdirect.com COMS' three-year chart: dljdirect.com

To: PeterGx who wrote (4860)	12/22/1997 2:34:00 PM
From: PanzerGeneral	Respond to of 27307

It's actually pretty funny.... The 52 to 40 dip a few weeks ago was highly publicized in advanced. The ones that shorted at 50+ and covered in the low 40's made out pretty well. This nasty, contrived, manipulated run-up is to punish the latecomers in the shorting festival. However, it's failing as the shorts are not covering. The higher YHOO gets, the more it's shorted. It will backfire and those left with YHOO shares come the 2nd week of Feb. shouldn't be too surprised to see YHOO trading in the low to mid 30's. It's great when bear-traps backfire and the momentum players buying without cause (or a faulty cause) get burned.