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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: ted birnbaum who wrote (1824)1/28/1998 10:06:00 PM
From: Oeconomicus  Respond to of 18691
 
Didnt [YHOO] close below support today?

Isn't that a matter of interpretation? Hard to argue against a downtrend though.

Any technicians want to proffer a read?

Bob



To: ted birnbaum who wrote (1824)1/29/1998 3:30:00 AM
From: Dale Baker  Respond to of 18691
 
I'm still happily short YHOO from 64. Yes, it did break its latest support from mid-January and it's not participating in the latest NASDAQ rally.

Next support line is in the low 50's. Break that then it's 45, then 40.

I play YHOO with a 2-point trailing stop, given its tendency to whipsaw unexpectedly. But this breakdown look serious in light of high prices for LCOS, XCIT, AOL, ELNK and the rest of the gang.


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