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


To: Smart Investor who wrote (15288)11/18/1998 9:40:00 PM
From: HG  Respond to of 27307
 
No necessarily.

I wanted to buy it when it was 80 (pre split). My broker talked me out of it.

When I got in @68 (post split), my broker told me it was the top and that I should wait. I ignored his advice. Then I bought some more @125, he said the same thing (although it did tank to 97 but bounced back quickly). Why do you assume this to be a high ? In my opinion, when a stock breaks the 52 week high, there is a short rally for the next few days. Those days are enough to give me a comfort zone. Then if it pulls back slightly, I'm still in the money..!!! Anyway, I have calls out to Jan 0 so I'm not worried in the short term.

Look at the chart carefully. Observe the pattern. And buy :)