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

To: Harlan Moore who wrote (12659)	7/11/1998 2:36:00 PM
From: Bill Harmond	Respond to of 27307

>>Can I get some feedback from a techi? It has paid to accumulate Yahoo on the 50-day moving average.

To: Harlan Moore who wrote (12659)	7/11/1998 10:23:00 PM
From: kensey	Read Replies (1) \| Respond to of 27307

Classical TA gets somewhat less useful in breakaway markets. Despite gonzo volume and volatility of late, the run-up in YHOO has been orderly - this is not an air blown AMZN situation. Stochastic doesn't say anything - its been overbought for over a month since the stock started rallying off 120. MACD Histogram suggests higher prices. No surprise there. I think the short term issue facing YHOO is how it reacts as it fades to the 13 day EMA. Does it bounce off, or does it cut right through like its not even there? Buy the bounce, expect the 50 to be hit in the cuts-likes-butter scenario. I don't there is a chance YHOO cuts through the 50 - this is the entry point of choice for too many of the Fund managers. They look at a good stock on the 50 as being on sale. The 50 is at 140 dollars a share. Is the consensus among Fund managers that YHOO is a good stock to own? If it is, money will flow into the stock at where-ever that line sits. Or, thats where they make their assessment, that is where they cast their vote. kensey