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: LRS who wrote (9030)	4/2/1998 6:12:00 PM
From: Michael Collings	Read Replies (2) of 27307

Well Craig, true to my word I covered yesterday at 94 1/4. Sorry I didn't buy at the same time but just couldn't justify it. I'll let it run before I short again...... maybe tomorrow. I plan to keep my stop outs a little closer to the mark though next time. I can handle 3 or 4 points but will not let it ride against me like I did this time. Let's see the whole market cap is now at 12 trillion. 500 billion of new money would get us another 4 % upside to around 9400. 8% would require another trillion to find it's way into our market. Is there that much money sitting out there right now waiting to get into this market? Mutual Fund inflows are somewhere around 200 billion a year, thats a little over 1.5% increase in market value. My point is since fundamentals don't matter in a market like this, then we better figure out where the money is going to come from to drive it higher. Otherwise, some day it is just going to stop going up because all the money is already in it.

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