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


To: Rational who wrote (5538)1/2/1998 2:32:00 PM
From: Oeconomicus  Read Replies (2) | Respond to of 27307
 
Sankar, YHOO volume by 2:00 today is 75% of an average day with 31% of the day remaining. OK, maybe it's 9000 holders of 100 shares each. Who cares? It's still decent volume and it's still down 3 points or so. Besides, I wouldn't expect a volume spike on a down 3 day near the top. The volume spike would likely come from exhaustion, capitulation by longs, whatever you may call it, when it makes a bottom (but not necessarily even then). Volume should pick up as more holders are paying attention next week, but I seriously doubt Jeff Vinik would just blow off the day though. Even if he's on some ski slope or some warm isle, he knows what's going on.