Replies to post #706 on Altaba Inc (AABA)

[funtrader1]

Cattraker,

AS I indicated earlier this week, if the pivot is not met by today, which it appears is not going to happen, well you know the rest.

The VIX (Volatility Index)on Yahoo is extremely high compared to the S&P which indicates a very volatile environment for YHOO right now. click here

At this point YHOO may go down some more short term or jump big on the 28th if the actual earnings are even higher than expected.

That is what volatility brings to the game, bigger ups or bigger downs.

I would not want to be a weekly long player here if the expected earnings are going to be lower on Tuesday.

I wish I could help more but below $41 PPS your guess is as good as mine short term.

[funtrader1]

Cattracker,

Scrap that.

I was in the middle of something else.

I forgot to change the time frame on the VIX chart to 5 days.

Yhoo has very low volatility this week compared to S&P so I wouldn't expect a large PPS fluctuation based on volatility.

If earnings for YHOO are higher on the 28th you may get a small climb in PPS but not major since everyone is already expecting higher earnings for YHOO already and it hasn't boosted PPS this week.

Last several days of 300+pt drop in Dow is due to lower earnings expected on major plays like IBM.