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: IKM who wrote (5810)	1/7/1998 11:09:00 AM
From: OtherChap	Read Replies (1) \| Respond to of 27307

Today and tomorrow could be bad for Yahoo. The general market tone is down, down, down. Although I dont expect Yahoo to report a downside earnings surprise- they dont seem to mind spending cash, such as their investment in audionet today, so they cant be THAT worried about hurting their results. However, as soon as the earnings are released we should see a further decline as people quickly realize how ridiculously overvalued this stock is.. (I read where it ranks #1 in P/E ratio of all non-penny nasdaq stocks) Looking for close of 62 today, maybe 61.. And yes, there have been a lot of head fakes lately- price jumping up on almost no volume then large blocks of shares being dumped on the market. Manipulation is occuring, and the big boys are trying to exit this stock as quietly as possible.

To: IKM who wrote (5810)	1/7/1998 11:11:00 AM
From: OtherChap	Read Replies (1) \| Respond to of 27307

BTW- has anyone noticed the huge spreads on yahoo today? there's nearly a half point betweent the bid and the ask, as I type this..

To: IKM who wrote (5810)	1/7/1998 11:18:00 AM
From: Rational	Read Replies (2) \| Respond to of 27307

IKM: I am sorry if I sounded harsh; I was just frank about my opinion. I agree with your conclusion about downloading large blocks. The fear that Yahoo! can drop dramatically may not have (I believe) seeped into many small investors (since they have seen the price only going up and Yahoo!'s popular free wabsite), because the Yahoo!'s Asian contagion is not clear to many. Sankar Harsh words, Sankar. My interpretation is that a dealer(s) may have an order(s) to unload a large block(s) of shares, and is working the price to get the best price for its client.