Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: fut_trade who wrote (2154)	10/24/1997 6:53:00 PM
From: Bonnie Bear	of 27307

Thanks for writing, Peter. I get flamed when I try to warn people, so I don't try very much. I hope I'm dead wrong. But I think the bottom will retest the lows of last July, and everybody is going to get hit. The boxmakers are being set up to fall, then everybody who uses boxes will get hit. Here's the problem: the tech companies all predicted this huge backlog in Asia. But in most of Asia your dollar a few weeks ago will only buy fifty cents now, your nasdaq went from 1600 back to 700, your house worth $250,000 with a $200,000 mortgage is only worth $100,000 now. There is tremendous overcapacity in the semi industry and the Asian countries cannot afford to buy more plants and equipment when their first priority is getting out from under the massive amounts of bad debt. So I think we will see backorders cancelled and an inability to get financing for planned projects. Here is my plans for my own money: I have "eternal shorts" funds RYURX bought to short S&P at 980 and BEARX (a portfolio of shorts), and cash. I am looking for sound little companies that are thrown out when selling waves of mutual funds happen (as in april) as i think that indiscriminate dumping of nasd stocks may happen soon. So if there are things you want to buy just save out some cash and wait until the bad debt problem gets pinned on a "fall guy", I don't know what form this will take. Just my .02. Good luck. I love Yahoo but it is ridiculously overpriced and I think you'll be able to buy it back a lot cheaper in the future. I'll buy at the right price. - B

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