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

To: Frank who wrote (12433)	7/9/1998 1:35:00 PM
From: Chuck Molinary	Read Replies (1) \| Respond to of 27307

Frank, The exit door is revolving a little faster. I've been following the trading pattern for this stock for the last several days. Until today, it was extremely choppy, rising and falling several points in a matter of minutes. Today, the movement feels much smoother. I definitely think there is a downward bias that is going to continue (trading at 193 as I write this). Because the downward movement has been relatively smooth, my suspicion is that some large holder is making a retreat. The Fidelitys, Vanguards, and Januses don't sell 100K blocks at a time. They trade in small lots through multiple brokers. It's basically a huge game of poker. They're trying to prevent others from seeing their hand. And the hand they've been dealt, they are folding...To prevent a panic drop, they will buy chunks on the way down to maintain an orderly market. But, come end of the day, you can be sure the net position will be negative. Having fun watching, Chuck