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


To: Bill Harmond who wrote (7097)2/3/1998 2:18:00 AM
From: OtherChap  Read Replies (1) | Respond to of 27307
 
If you think the MMs and vinick are manipulating
yahoo...

Stock maniuplation big time over on Verisign.. (VRSN)

I watched it today and the market makers would move it up
a 1/16 for practically every single 200 share block that
crossed the screen. Soon it was up around 13 points, and
everyone realized it was a game of musical chairs and it
plummeted back down 7 points in a matter of minutes..

No real profits or revenues on the horizon to hold the
stock up- the only thing keeping it alive is insider lockup
and inability to short an IPO 'cause of the SEC.

Sorta like Yahoo. I seriously think this will be the last
short squeeze attempt.. Their only last ditch effort to
keep the stock afloat will be to do a 2:1 split.. Wouldn't
be surprised to see them announce something like while
the price is still a bit high.

Of course, we all know how much good a stock split did
for Iomega. :)



To: Bill Harmond who wrote (7097)2/3/1998 12:59:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 27307
 
William I think you often confuse a strong stock price with a strong company. Yahoo has demonstrated strong gains, but to equate those gains with the health of the business is a stretch. Currently Yahoo has become a momentum stock nothing more (along with lots of short covering). Some of it's gains could be attributed with being a "safe" haven from Asia's problems, but if the overall market recovers I think you'll see money flowing into more compelling values (Intel, LSI, AMAT, any of the oil drillers...)

Jim