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


To: craig crawford who wrote (11390)6/25/1998 10:00:00 AM
From: Bill Harmond  Read Replies (2) | Respond to of 27307
 
>>So YHOO is only going to go up for another 4 trading days?

Standing in the road doesn't assure that you'll get run down, but...



To: craig crawford who wrote (11390)6/25/1998 10:35:00 PM
From: Estimated Prophet  Read Replies (1) | Respond to of 27307
 
<<So YHOO is only going to go up for another 4 trading days? Seems like a good idea to start now, by beating everyone to the punch.

(Not short YHOO but short AMZN)>>

You read my mind. Why don't some of the longs(especially the ones who periodically take profits) also short this stock when the time is right? This is now a great trading stock and will remain that way for quite a while. You can't dodge the bull without getting in the Pamplona street. Of course there are risks, but the volatility erases a lot of losses.

I'm not a cementhead. I sure would like to hear a TA explanation for why this stock won't fall back down to support around 100. That wouldn't be tracing back very far in time, and fear drove a lot of longs when it was dropping from 130 to 100. It works both ways. I've made money long on this stock.

Fundamentally, YHOO may be the greatest thing since sliced bread. But nothing goes straight up forever.