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


To: Anthony Ostroski who wrote (6949)1/28/1998 6:32:00 PM
From: Bankceo  Read Replies (1) | Respond to of 27307
 
The big boys havent sold yet. Major positions have not yet been liquidated. They are waiting for their intermediate term momentum indicators to turn negative (just did today;;by the way). They also will wait for the last day of the fiscal qtr.--This Friday. So the fun is just beginning. This stock is heading to 34 by March 31st. Retest of OCtober lows. Outside of momentum, there is no reason to own a $3 Billion cap stock with no earnings....(Their amortization is bogus--they are actually losing money). And will lose a lot more.