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


To: Oeconomicus who wrote (8617)3/20/1998 11:35:00 AM
From: LRS  Read Replies (3) | Respond to of 27307
 
Gosh,

The more I think about it, the more I want the institutional ownership to be about 70% of the float. Peter Lynch recommended buying stocks long before institutions dub them the hottest thing in creation--that leaves you as an early investor (or contrary investor) some great upside....

How much upside is left in this baby with all the pigs already at the trough????



To: Oeconomicus who wrote (8617)3/20/1998 11:36:00 AM
From: fut_trade  Read Replies (1) | Respond to of 27307
 
RDB, forget about that 4%. That E*trade stuff is either more than a year old or complete fiction. If YHOO was trading at < 30, perhaps then institutional ownership could that low.

Peter



To: Oeconomicus who wrote (8617)3/20/1998 12:07:00 PM
From: Bill Harmond  Read Replies (3) | Respond to of 27307
 
>>Have you considered that Koogle was simply quoting some figure that may have been true at some past reporting date, but may not be true now?

>>Have you considered that Fidelity and other institutions may have been playing the momentum/short squeeze game and were selling into the squeeze?

RD, you're getting out on really thin ice. Koogle talks to institutional investors every day. Also, use your head. Do you think the stock could be at 84 if the float was expanding the way it has been while institutions were liquidating too?

I have Montgomery pulling up stats from Bridge or Bloomberg, but here's some corroboration. The February S&P Stock Guide (published in January) showed institutional ownership of 7.6 million shares (15%), which was in line with Media General, Peter's source.

Media General is now showing 25% institutional ownership as of 3/19:

dailystocks.net

The long-term growth rate is anybody's guess. The stock is telling the story better than anything else. Reagardless of all the talk of bubbles around here, Yahoo is in a stable, seasoned uptrend that is 14 months old. The support trendline for this advance is at around 60 and the line is going up at around a 275% rate.