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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: - who wrote (22117)6/21/1999 11:12:00 PM
From: larry  Read Replies (1) of 27307
 
Steve,

I also feel sure that issue will run toward 200 by earnings release. If this S&P 500 crap turns out to be true, I think 250 is guaranteed. Anyway, it's time to buy on the dips heavily since the market sentiment has 'dramatically' changed toward the high valuation tech issues and money is rotating out of the crappy cyclic issues to nuts and big caps...

I took profits because I don't want to leave too much $$$ on the table. I learned a big lesson during the nuts downturn in the last 2 months. I let greed get deeply into me and although I knew that CSCO and MSFT were the saftest insurance against the tech collapse, I was addicted to nuts. Well, I lost 25% of my trading portfolio within 6 weeks and all the trades went against me. I was never in such an embarrassing situation before. Even when the market collapsed last Oct., I was down only 8-10% from its high. Anyway, I am nearly back to the old high as of today and I will very carefully to trade nuts until AOL reports. Then I will evern buy puts on the market or go hibernating until late Sepember, when a new round is rally begins. I think that the tech sector will see its worst in Sept. when Y2K worry (stupid) really hits. Nasdaq will test 2200-2400 by then. Yet near term Nasdaq is poised to run toward 2800.

good luck,
larry
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