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

To: Howard Hoffman who wrote (6950)	1/28/1998 7:17:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

>>If the market is up 100 pts a day for 2 days and YHOO is breaking down and closing below its 50 day MA, why would you buy now? Technically speaking, you could be quite correct, though I seriously doubt $25 is in the cards. Granted, the stock broke its 50-day on serious volume today. You can bet that short-sellers piled on today, too. Volume in Feb 55 puts exploded. Look back on the chart and see the previous breaks below the 50-day. I'm scaling back in. I really don't care whether Yahoo goes to 50, I'll just buy more. I had a large position in Yahoo on the way up, and I'm way short of that total now. I determined to buy Yahoo back on weakness after earnings and the stock is weak. How long it will stay weak is anybody's guess, so I'm averaging back in. Nothing has changed but the price of the stock.