Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Don Westermeyer who wrote (7318)	2/13/1998 10:12:00 AM
From: the Druid	Read Replies (1) \| Respond to of 27307

YHOO broke through 66. It will get over 70 before running out of steam.

To: Don Westermeyer who wrote (7318)	2/13/1998 10:16:00 AM
From: IKM	Read Replies (1) \| Respond to of 27307

I don't call over 300,000 in the first 45 minutes low volume.

To: Don Westermeyer who wrote (7318)	2/13/1998 10:18:00 AM
From: Bill Harmond	Respond to of 27307

Don, I'm seeing sizeable volume. Plus we finally have a higher high in this 1998 formation as of a couple minutes ago, which was 66 1/8 on 2/3.

To: Don Westermeyer who wrote (7318)	2/14/1998 2:38:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 27307

Hi Don, Well, the first level would have been 66 1/8, which broke today. The next level would be around 68. If you draw a line across the lows and across the tops of the volume, you can see a pattern of volume dropping as the price goes up. From a TA stand point, it's a very bad place to own stock. As I see it there are three patterns that could form from here: 1. It could go through 71 and continue the upward trend. 2. It could go to almost 68 or 71 and fail, forming a double top. 3. It could continue the current topping pattern by volume dropping off in a narrow trading range, then starting to drift down on increasing volume. I suppose anything is still possible at this point, but the charts still favor the short position. The run from mid 30s to 70 was way too fast to hold up. The effort being exerted to hold it in the mid 60s until options expire is almost painful to watch. It's like watching Asia try to defend their currencies. When that effort stops, YHOO should go into free fall. Regards, Don