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To: HungryMan who wrote (294)7/7/1999 10:19:00 AM
From: Mike Fredericks  Read Replies (1) of 977
 
I wouldn't be surprised if today were a down day. I think YHOO earnings will be an excuse, people will sell off. I wouldn't be surprised to see it hit 52 or so at some point today, then level off for a 3-4 point loss. But a close at 56 or so wouldn't be so bad - that's still 6 points above where it closed on Friday.

Looking at a 2-day intraday chart I think there's a downtrend from yesterday's high that has yet to be broken. If you're on the sidelines waiting to get in, be patient, you'll probably get a better price than the 58 +/- where it is now. Just my opinion.

-Mike
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