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

To: James Fink who wrote (9616)	4/9/1998 1:59:00 PM
From: John Donahoe	Respond to of 27307

RE: "I am worried that Yahoo will follow the chart of Citicorp. Citicorp gapped up on the open from 142 to 162 and then closed at about 180. The next day Citicorp crashed to 164, down 16 points! Could a similar scenario happen to Yahoo on Monday?" On Gaps: "Must a gap be closed before prices move very far away from it? Certainly not! Will it be closed eventually? Probably yes. If it is not closed by the next Minor reaction, there is a chance it will be covered by the next intermediate retracement, and if not then, pretty surely by the next great major swing in the opposite trend. But that may be years later, hardly a matter of interest to the ordinary trader." (1) (1) Technical Analysis of Stock Trends,...Edwards and MaGee 1966 JD