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

To: tonyt who wrote (18377)	1/18/1999 2:07:00 AM
From: Howard Hoffman	Read Replies (1) \| Respond to of 27307

Short covering? Yes that has happened before. A double gap to a new high? On relatively weak volume? As the PE hit 1500? As the market cap approached that of companies with less competition and 100 time the earnings? As the level of froth approached the foam rising from the Titanic as it sank? As YHOO fell because "investors" were disappointed that the stock split 2:1 instead of 4:1 or 5:1? As people who have been in the stock for 1 week and made 90% profit were predicting YHOO to rise another 90% within another week or two? As "analysts" were inventing new methods for valuing a stock to justify a target price of $500? As new Internet companies with no earnings and just about no assets were rushing out for IPOs? This past week was fairly unprecedented for YHOO. But not for Presstek. Or Iomega.