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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: Howard Hoffman who wrote (8329)3/12/1998 7:59:00 AM
From: STOCK INSIGHT  Read Replies (1) of 27307
 
CAREFUL...TECHNICALS INDICATE STOCK IS CURRENTLY IN A VERY OVERBOUGHT CONDITON...EVEN WITH THE FEW POINTS IT LOST YESTERDAY......AND WHILE THE STOCK MAY REBOUND IN THE SHORT TERM ON EMOTION BUYING ,THE HIGH VALUATIONS AS MANY ARE ALREADY AWARE OF COULD LEAD TO A CORRECTION IN THE STOCK AS WELL AS SOME OTHER HIGH FLYING INTERNET STOCKS RECENTLY. WHAT PROBALY WILL SET THIS OFF IS A SERIES OF EARNINGS WARNING IN THE TECH SECTOR IN THE NEXT FEW WEEKS. WHILE I AGREE THE INTERNET COMPANIES HAVING GREAT POTENTIAL THEIR TIME FOR BEARING FRUIT ON THE EPS EQUATION IS STILL SOME TIME DOWN THE ROAD.........THE QUESTION IS DO YOU OWN A STOCK BECAUSE EVERYONE IS BUYING IT ON EMOTION, OR BECAUSE IT HAS GOOD FUNDAMENTALS AND EARNINGS STRENGHT ? I WOULD PROMPT FOR THE EARNINGS MYSELF.
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