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To: Don Earl who wrote (7517)2/19/1998 10:57:00 PM
From: PeterGx  Respond to of 27307
 
Don:
<<It looks like a distribution pattern to me>>

Sounds plausible to me. But if Sequoia (+ other insiders) really managed to download over 2.4 mil shares (~20% of float!!) with little effect on the price.... WOW - there are tough times ahead for the shorts.

BTW, to whom (besides WH) did the brokers distribute these shares?
Were Mutual Funds putting some excess "diversification" cash (Jan inflows) into YHOO?

Sounds to me like, for the short run, the case for a squeeze has gotten stronger than that of the significant correction.
If I don't see 62 by next Friday, I'll be buying some...
Cheers
PGx



To: Don Earl who wrote (7517)2/20/1998 12:23:00 PM
From: TheBigB  Read Replies (1) | Respond to of 27307
 
Don - thanks for those total payout numbers.
Only a big institution like Fidelity can influence the market so much and be so confident about it. But it does look like Fidelity has been patient money on YHOO. They have been accumulating since September.
Fidelity Growth in which I have a little money had YHOO back in November. The key here is fidelity. The other institutions will follow.


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