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 (2219)	10/27/1997 10:19:00 PM
From: saber hormi	Read Replies (1) of 27307

>> Why do you think the bottom is near?>> I certainly don't think that the bottom for the market is at today's level , but I believe that few stocks here are becoming real attractive, SUNW (remember this is a company that hasn't make profits yet from the internet and it's well positioned in that area)with a PE of 15 for 97 and 12 for 98 is definitely one of them. I expect the market will attempt to come back in the next few days and pull back again, I 'll use that opportunity to sell some of my long positions then. Again I don't plan to jump in 100% right away, not until first friday (jobs numbers)of next month, but I like to go long some just in case the market take off to the upside with the speed of light like it did in June. I'll consider to go long on YHOO if it goes below 25 (wich I doubt), I already covered 1/2 my position there.

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