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


To: Thomas C (Hijacked) who wrote (11938)7/8/1998 2:19:00 AM
From: craig crawford  Read Replies (1) | Respond to of 27307
 
>> I dont understand why people are so afraid of how fast this stock is moving up. Why didnt people complain about Cisco back in the early 90's? It seems to have doubled and tripled just as much as Yahoo. And of course it is still going.. <<

Just remember, C$CO had a 50% correction in 1994. C$CO came public in 1990, not long before a strong economic expansion and consequently a blistering bull market. YHOO is enjoying it's run towards the end of a bull market, after a huge economic boom.

Just be prepared for a 50%+ correction in YHOO.



To: Thomas C (Hijacked) who wrote (11938)7/8/1998 10:15:00 AM
From: Mohan Marette  Respond to of 27307
 
Wild swings and thin float.

Thomas:
As you might already know the wild swings in Yahoo's stock price is a function of thin 'float' and demand or lack thereof as there only some 6 or 7 million shares available for active trading.I also hear this is true for most of the top internet stocks.The top 5 internet stocks only have some 42 million or so shares available to trade and hence the wild swing in stock prices up or down.

I also understand small retail investors are the ones creating the demand in these stocks while some fund managers are also nibbling at these stocks but they trade in 'small' quantities so that their actions may not create too much undue price fluctuations. It is also reported that a few hedge fund managers who shorted the stock might be in big trouble for obvious reasons and some might even go under when this is all said and done. Interesting I say.