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


To: Bill Harmond who wrote (7448)2/18/1998 1:12:00 AM
From: TheBigB  Read Replies (1) | Respond to of 27307
 
William
I am entirely with you on this atleast as much as BankCeo/OtherChap and a few other shorts seem to jump up and down with every day's movement.
Clearly this stock has a bunch of more strength than it did last November/October.

However, the fact that YHOO was merely down 50 cents doesn't mean much.
Some one met the ask time and again towards the close - and in fairly small trades. Almost like there was an attempt to push it back towards 65. This could either be MMs due to some Options activity or simply institutions keeping the stock afloat as they sell.

As I have already told you in private communication. I believe that Fidelity is key to this stock. If Fidelity sells off, it will settle lower. Otherwise, there is enough support to keep it from sinking too soon.

I think that what happens after this friday and then again after all the insider stock has dried up is key.

I expect some fall off before earnings as well since we don't know if advertising and commerce revenues will keep up at the same level as December. I already see a lot of non-ad pages being shown on YHOO.



To: Bill Harmond who wrote (7448)2/18/1998 5:20:00 AM
From: Michael Collings  Read Replies (1) | Respond to of 27307
 
<<What happens in nine days when there's no insider stock for sale? Any guesses?>>

William, I'm missing something here..... what happens in nine days? Is that some enforceable lockout period?

I agree that with the low volume, most of the sellers have finished selling, although I still see blocks of 10,000 shares being dumped on the bid throughout the day.
Seems like a lot more than inside selling has been dumped and I wouldn't be surprised if Fidelity is already selling. Not until they've sold everything will anyone report that they have sold. Probably after the 1st quarter. Just seems like there have been way too many large blocks sold since January to account for just a couple million insider shares.