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

To: IKM who wrote (5388)12/31/1997 4:18:00 PM
From: larry  Respond to of 27307
 
The price run-up in the past two weeks are mainly due to year end short recovery for tax purpose. Once most of the short have covered and less new buyer come in (I guess lots of longs will sell YHOO soon. All of the good news are taken in the price run-up and I bet that even YHOO come out witha 100% earnings surprise won't move the price up that much), YHOO will see some serious weakness. I still believe at P/E 800, this baby is going to far.

larry


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