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


To: Shafik Habal who wrote (21864)5/25/1999 4:15:00 PM
From: Stanisav Richter  Read Replies (3) | Respond to of 27307
 
Do yourselves a favor and take your profits. Blood in the water may not mean instant death but it also doesn't mean you should go swimming. Back in the winter when YHOO was at 200 I said that although a buyer at that price might do well, no reasonable person would buy at that price. Both things were true.

BTW - I'm neither short nor long this or any other American stock.



To: Shafik Habal who wrote (21864)5/26/1999 12:11:00 AM
From: Tunica Albuginea  Read Replies (1) | Respond to of 27307
 
Shafik Habal, we are now at the 200 day moving average. I think it will explode up this fri PM or next Tues AM. Too late then to catch it. Look how it exploded straight up after all the declines.

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TA

You said: Followup on YHOO: If you chart the stock, an interesting pattern becomes
obvious. Around late december 98 and early january of this year, take a look at the
run the stock made. It made exactly the same run (almost mirror image) in early
april. Now, the stock has retraced all the way back to the levels seen at the
beginning of this year. Its possible that this run it makes every 3 months is an
anomoly or perhaps indicative of the way this stock will be making future moves (in
early july) as well. At the moment, Williams % R indicates very oversold (-98) and
its on the lower Bolinger Band, which has in the past indicated a short term bounce
possible soon. I'd welcome thoughts from those more experienced with technical
analysis.