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


To: Thomas Dremel who wrote (17806)1/12/1999 10:15:00 PM
From: Dave Mansfield  Read Replies (1) | Respond to of 27307
 
Tom, I understand about traders getting hammered at times. I learned a lesson at least on one occasion about being caught on the wrong side of a big move. The lesson I learned was be careful in trading and by all means, be on the right side of the long term movement of the stock.

That being said, if you believe that Yahoo is overvalued, but is in a short term upward movement, be very careful playing that momentum. For if a week or so after you make the trade reality sets in and the stock tanks it may take a long time, if ever, to recover. On the other hand, if you go with the long term trend but a short term momentum swing sweeps it in the wrong direction, the long term trend should ultimately prevail. Just my opinion.