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


To: Smart Investor who wrote (15533)11/24/1998 6:39:00 PM
From: HG  Read Replies (2) | Respond to of 27307
 
Where's the drop ? Last I saw - my investment went up by 15% in the last 2 days. Tomorrow's going to be a quiet day because of the approaching weekend. Everyone knows people like the feel of cash in their pockets during long weekends !

Smart Investor, I presume you've not studied the pattern. Maybe some time looking and understanding the charts would help you understand the beast better. Feel the rhythm of YHOO. Understand the motion.

Of course it will retrace, people WILL take profits along the way (it gets too dizzy for me - all that money sitting there)...but the point is - people also buy back at dips. I've done that twice. And my broker knows and is positioned to buy back again. And you know what, as this things keeps getting higher and higher, people regret they sold at a crest, because there is a new top every now and then. When I sold @170 ,I thought that was the top, now I believe growth will taper off....I don't think it would tank. This belief prevented me from selling @220 yesterday. Today I sold only 33% of my holdings @227...I was right, and there will be other peaks to come. I'm averaging the holdings so I can have the YHOO shares for free...and pay off my margin !

Analysing the $30 rise, %age wise ascend was smaller than AOL or EBAY or even AMZN. This tells us that the maturity level, the plateau is close by...and thats where all this would end. If you're waiting for a crash to $20, well....you may have a long wait ahead of you.