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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: memflyken2 who wrote (21551)4/27/1999 6:39:00 PM
From: Sarmad Y. Hermiz   of 27307
 
mem,

>> but tomorrow is the Red (Very Red) Letter Day I've been talking about for some weeks now.

I think Yahoo is suffering from the perception that Web advertising will not generate the revenue growth bulls expect. Notice dclk was down 23 pts today also. This is the main player in Web advertising. It supplies all those banner adds you see on every page.

My own view is that yhoo's 7c in Q earnings will not support its 185 price. I have established a short position at 187. And expect to cover at 175. Maybe tomorrow.
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