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


To: Bill Harmond who wrote (11548)6/30/1998 4:50:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 27307
 
AFCI will miss quarter. CEO resigns. I'm posting this because it's (it was) listed among my favorites.



To: Bill Harmond who wrote (11548)6/30/1998 4:53:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 27307
 
I didn't say that.

I know. Just ranting. Don't know why really - I didn't lose any money in YHOO today (or recently).

However, execs exercising and selling heavily can lead a decline. Look at COMS. Heavy selling last fall, just before it dropped from $55 to just over $30 in 3 weeks, and this spring, just before it fell from mid $30s to mid $20s also in 3 weeks. The was only one sale for five months in between while it was trading in a range in the $30s.

I'm not saying that selling of option shares buy YHOO execs is any kind of signal, just that in some cases, in some high flyers, it is a signal and it certainly doesn't indicate that they think the stock is a buy.

BTW, what do you think of the market's stalling here, climbing above but failing to close above 9000 several days now. Perhaps Dow stocks and the top end of the S&P don't benefit from window dressing - who wants big, boring, profitable companies in your reports when you can have Amazon?

Bob