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


To: OtherChap who wrote (8222)3/10/1998 2:51:00 PM
From: LoLoLoLita  Read Replies (1) | Respond to of 27307
 
I really don't think that anything can keep it at these lofty
levels. Remember that stocks (usually) fall a heck of a lot
faster than they rise.

anyway, i've seen data indicating that most of the rise
associated with stock splits occurs BEFORE the split.



To: OtherChap who wrote (8222)3/10/1998 3:12:00 PM
From: RDH  Respond to of 27307
 
I think we do have cause for caution here regardless of whether we
are short or long.

It looks like YHOO is going to close down today. This will give
most of the momentum investors a concrete reason to exit.

This will maybe give YHOO a concrete reason to announce something
like a stock split to keep the momentum going.

Then YHOO could go up so more.

This could cause YHOO management to further sell shares of their own
stock.

This could cause the price to go down, which could give YHOO management reason to announce another stock split or some other news.

This would cause the price to go up into the stratosphere,
prompting management to sell even more shares.

Managment of YHOO can get rich from managing the perception of YHOO
stock price. If this is so, why bother managing the business?

At some point the balloon bursts, but management are already wealthy,
the market makers have made a fortune, brokerage companies have
profitted. And many short and long investors have profited.

The poor long term investor may get hurt, and hurt badly, depending
on what price he bought the stock at.

Oh, I'm sorry, this is YHOO -- there are no long term investors. It
looks like everyone makes money off of this one.

:=)

- RDH