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


To: Zebra 365 who wrote (8374)3/12/1998 6:03:00 PM
From: PAL  Read Replies (2) | Respond to of 27307
 
What did Koogle say on CNBC? Would somebody post a summary?

The trend of Yahoo is down despite Koogle's appearance. I like Yahoo as a company and I like the management even more. The founders are philanthrophists giving back some of their fortune to Stanford. Working envrionment is good, allowing for young scientists to grow. However, the valuation is just stratospheric. With a trailing revenues of $ 65 million, it does not justfiy the current market cap. Therefore, today I added more of puts on Yahoo. Look for more downward pressure tomorrow and beyond. It seems that there are a lot of short trades today considering the volume is almost three times the average daily volume.

Good Luck to all.

PAL