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

To: OtherChap who wrote (7059)	2/1/1998 11:04:00 PM
From: Bill Harmond	Respond to of 27307

>>why do we almost daily get SEC filings showing insiders selling every single share they hold? We do? Firstly, there is only a handful of true insiders, and they own a ton of shares. None of them are selling out. There are other holders who are selling all their shares because they either got the shares as terms of a merger, others who are selling vested shares who have options on more shares as employment incentives, etc. Look at the float. It's still a very small percentage of shares outstanding after this secondary. You are overstating your case. I mentioned earlier this week that IBM sold completely out of Intel (I think they owned 25% of Intel) in the early 1980's. Imagine selling Intel then based on IBM's transaction. Insider selling usually means nothing unless fundamentals are deteriorating, and we know that Yahoo's fundamentals are stronger than ever. My advice is not to pay much attention to insider selling, and certainly not short Yahoo on this basis. It killed a bunch of short-sellers last summer who were pointing to insider selling as a sign of trouble. There were plenty of posts on this thread pointing to insider sales when the stock was half what it is now. $400 is a silly number for this year. There is a incredibly well-defined support trendline (on a log chart) that touches exactly the January, March, April, June, July, and October lows that ends at 49 as of Friday. Watch that line. Yahoo has found support at that trendline in every serious pullback, and the trendline is going up at about 250% a year. If Yahoo stays above it, it's a keeper.