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To: Don Earl who wrote (7114)2/3/1998 8:57:00 PM
From: Howard Hoffman  Read Replies (1) | Respond to of 27307
 
Looks like there will be some support in the 54-56 area. If YHOO breaks through 54, the downward momentum should really start. If some of the larger holders and momentum investors turn on YHOO, this stock will go off the cliff. It could easily go down to 25, Today's reversal was on higher volume than any of the recent up days. The up days were fast and over with very quickly (3 days). Looks like this decline will be a bit slower than the recent up move. This is really getting interesting.



To: Don Earl who wrote (7114)2/4/1998 11:53:00 AM
From: PeterGx  Read Replies (2) | Respond to of 27307
 
<<I'm looking for a target around 50 in 3-4 weeks.>>

Don, I am beginning to believe that:
(1)with the YHOO bearishness so strong,
(2)most of the short sales already in,and
(3)scores of smaller investors still ready to buy in
the large institutional investors could afford to prop the price up on option proceeds alone. Hence, I see YHOO at around 65 for a while: (6 weeks ?).


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