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


To: Bill Harmond who wrote (13127)7/29/1998 2:47:00 PM
From: Sonny Blue  Read Replies (2) | Respond to of 27307
 
>> Still long. Bruised, battered,...

Bill, maybe it's just too late to sell, but I have a feeling we'll see 160s again. My reason is that Yahoo corrected from 129 to 99 in the April-June time frame. That's a -23% correction! If history is any guide, then from 207, we should see 160 as the next bottom, give and take one or two percentage. The other critical support is the 50 DMA which is at 145 right now, a long way down yet!

If Yahoo holds above 174 in the next few days, then we may have some kind of short-term rally. I think many fund managers could not wait for Yahoo to get cheaper.