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

To: Anthony Ostroski who wrote (6967)	1/29/1998 3:11:00 AM
From: Howard Hoffman	Read Replies (2) \| Respond to of 27307

Thanks for posting chart. Looks like YHOO is headed to 45 real fast. May bounce off of 45 or thereabouts to form right shoulder before plummeting into total oblivion. If you are short, please be patient and at least wait for 46. Better yet, wait for confirmation of head and shoulders and wait for 20. Anyone who is buying at 58 and then says they will buy again at 50 will have to have very deep pockets to average down all the way to 20. The buyers in the 50s now will capitulate unless they are really stupid (stupid = willing to stay on until YHOO bottoms at 20 or so). The shares bought in the 50s will be puked out as YHOO descends rapidly below 45. Downward momentum on something this overpriced may prevent formation of a real right shoulder. Rise from 45 may be very brief and not very strong. This stock should be in future TA books as a classic case of an overpriced stock getting killed even as the market was rallying. Then there is the possibility of a 1 day crash like RAIN, EFII, Adaptec, Oxford Health, etc. That may take some kind of negative news announcement from YHOO or a competitor.