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

To: Bankceo who wrote (7447)	2/18/1998 12:45:00 AM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

>>look for YHOO to be 3x to 5x the market beta going down as there will be a change in sentiment. "The sky is falling, the sky is falling." There was a big sell-off in technology today, and the whole world knows how those knowledgeable Yahoo insiders are unloading all that fantasy common as fast as they can. Microsoft closed down three dollars. AOL closed down two dollars. Intuit is getting the financial pages on AOL. Down two dollars. The bargain-priced Excite closed down one dollar. Grossly-overpriced Yahoo closed down fifty cents. Not eight points... fifty cents. Some beta. When are we Yahoo bulls going to learn? Maybe we Yahoo bulls need to learn that there aren't too many of us yet. What happens in nine days when there's no insider stock for sale? Any guesses?

To: Bankceo who wrote (7447)	2/18/1998 2:22:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 27307

Hi Banceo, In all fairness, insider selling is not always a sign the price will go down. Certainly not a good omen, but not a sure thing either. I've also noticed that even when it is a sign of future problems, there is often a considerable delayed reaction. SEC rules make it illegal for them to repurchase the shares for six months. It seems to me that an insider would have to time their buys and sells pretty carefully. The highs and lows have to be six months apart in each direction. It is kind of interesting to see that six month pattern in some charts. Generally, I believe buying a stock when insiders are buying is a safer bet than shorting when insiders sell. IMO there are a lot of good reasons to short YHOO and insider selling is only a small part of it. I can also see reasons why those in at much lower levels would want to hold their positions if they are longer term investors. The only thing I would have a hard time imagining is anyone starting a long position at current levels. Then again, it's their money, and they can do whatever they want with it. None of my business really. It'll be interesting to see what happens next Monday after options expire. Regards, Don