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

To: Oeconomicus who wrote (7713)	3/1/1998 12:28:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

RD, I think you're running out of arguments and it's time to face the music here. The contrarian argument has been on the bulls' side all along. Yahoo was an over-priced no-brainer sure-fire in-the-bag short, remember? But this week Yahoo ended at a record high on record volume after an eight-week consolidation. This breakout above 71 is on double (split adjusted, too) the volume that started Yahoo's advance last winter. Arguing with this can be bad for one's financial and emotional well-being, unless masochism is a fortifying and centering exercise for you. If you want to register for a short-term free subscription to thestreet.com, there's an interesting story (Thank you, Sal) about the search firms' appearances at the Robby Stephens tech conference this week entitled "Dissing the Aggregators." It speaks to what I'm saying here regarding the building consensus about Yahoo among institutional investors. Regardless of all these facts and opinions, you have to ask yourself, "Am I losing more and more money on my position?" Whenever you discover you're digging yourself deeper in a hole, the first thing to do is stop digging.

To: Oeconomicus who wrote (7713)	3/1/1998 4:01:00 PM
From: Pullin-GS	Read Replies (1) \| Respond to of 27307

Some TA for Friday's close: The big pop YHOO experienced over the last 2 days saw some volume and price levels (2 days in a row) that YHOO has not seen in quite some time, making a new shares-traded AND an all-time high for the stock. A very strong show of momentum indeed. Is YAHOO be in an overbought situation? Could be. But given that the stock is "in style" right now among individual investors and institutions, being overbought and little change fundamentally (PE of over 3,600...at least it's got earnings.<VBG>) may not really matter. First off, YHOO closed way above it's 21, 50, and all other EMAs. YHOO was trading closely with the 21 EMA, and just over the 50 EMA for most of the year (up until thursday). Currently the 21 EMA is pegged at 64.5. The 50 EMA is currently at 62.55. Looking at the chart I see a breakout above both of these important moving averages on thursday, with a huge confirmation of the breakout on friday, only to be accented with a close near the high of the day. A new high for the stock. This is very Bullish. ....but.... this upward price movement was created by volume momentum in which YAHOO has never seen before. First off the the 21 V-EMA (Volume Exponential Moving Average) is currently trading around 1.2 MM shares. Thursday's volume was WAY above the average at 230% of the V-EMA (2.6MM). And Friday's volume....It was 440% of the 21V-EMA (6.25MM). I don't see how this can be sustained. If volume slacks off, the price will as well. The upper envelope (resistance was marked at 67 pre-breakout) of the Bollinger Bands was attacked on Thursday, and was crossed on Friday with authority. Currently established new trading range, and the bands have become wide and loose, suggesting future volitity. Support is now marked at 69.5 (and rising). Bullish. But such a quick rise leaves open the greater possiblility of a correction. A smooth transition to these levels would have been more desirable. MACD and RSI both went bullish these past few days. Monday will be an important day for YAHOO technically.