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: StaggerLee who wrote (4539)	12/15/1997 7:41:00 PM
From: Bill Harmond	Read Replies (1) of 27307

You may get your wish. Last week I was thinking that this decline was just an end-of-correction slump, like December, 1987, or June, 1994. But when I was surprised by this morning's tech weakness inspite of the Dow rally, I decided to "put the livestock in the barn". I sold earlier today and got whipsawed by about 5%, but I think it's better to be safe than sorry. The Networking Index and The Morgan Stanley Tech Index traded at new lows for the correction today, and the Software Index came right down to support. It's do or die time for the software stocks. Micron's earnings disappointment tonight may fuel further selling, particularly if the conference call uncovers more weakness ahead. Dell looks like it's rolling over. People who bought the dip today are going to either be really rich or really sorry, I'm not sure. Meanwhile I console myself with a good year, and wait for my brain to clear. Last Monday I was back up to exactly my year's high, but I'm down 15% in five days. Don't want to be a cementhead long. Those exist too!

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