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

To: fut_trade who wrote (5064)	12/26/1997 12:17:00 PM
From: Oeconomicus	Respond to of 27307

So, in Nov. and early Dec., a bunch of money managers decided that they could get some fourth quarter juice from Yahoo!. Rationale might have been "buy what's up most because there won't be any tax selling." The fact that this data is at least a few weeks old would indicate to me that their buying, followed by a few squeezed shorts, is what pushed us to this level. It doesn't disprove the possibility that some of them are selling into the last week's surge or that shorts are covering and taking tax losses, providing the demand for the longs to sell into. This is all theory of course, but we'll know in a few weeks. Bob