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


To: Dorine Essey who wrote (20134)2/18/1999 6:20:00 PM
From: HECTOR RUBERT  Read Replies (1) | Respond to of 27307
 
Dorine,

Today I watched YHOO test the previous low of 250 ...125 post split ...TWICE!! The good thing was that every time it did it bounced UP rather quickly. First bounce took it to 133....and the Second bounce took it to 131...finally selling off at 3:45 "DAYTRADERS" before it began to run again closing near yesterday's close of 129.

I like the fact that YHOO keeps defending the support level of 125. This shows there is still strong interest in the stock and free fall seems very unlikely. The good news is that if we are close to the year's low that means the only way to go is UP.

Sitting at the year's low the demand pressure for the stock will take it higher. Won't be at this level for long.

Hector