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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: Jan Crawley who wrote (25286)1/24/2000 7:32:00 PM
From: Peter Church  Read Replies (1) of 27307
 
Hi Jan---Yes, I am holding those puts. This could be the beginning of something significant. We'll have to see what happens tomorrow. But the breadth and depth of the slide was impressive, and not just for Yhoo. I think the beast is wounded. I don't have a price target now and so I'm going day by day. Can you use bullish charts in an unknown (ie. bearish) territory? Do you have a price objective yet? If this does get serious, and we enter a selling panic, we could still be far above the next rallying point, IMHO.

I have been watching the fairly good correspondence between Yhoo and the Dow 30. Now that Yhoo is in the SP, I wonder if the prestige of membership will devolve into the price of membership. I mean, if the SP gets sold, Yhoo will get sold too regardless of its Internet credentials. It's more chained down to Earth than before.
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