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: Michael Collings who wrote (10919)	5/27/1998 11:30:00 PM
From: Bill Harmond	Read Replies (1) of 27307

>>William have you gone negative on the market again? Very negative. 1990-style negative. I got out last Wednesday. Put half in 28- to 30-year US Treasuries on Thursday, and the other half in 27-year US Treasury zeros yesterday on the open. That's about as close to being in the basement with canned goods as one can get. I'm obviously betting on lower stocks and lower long-term rates. The reason for the different long-term maturities is that those were the best yields available to my trader at the moment. I think I averaged 5.91, so I'm making money on the price already. By my analysis, the CRB Index is falling out of bed. That has to be great for bonds. We'll see. I haven't done it yet, but did you know you can buy long-term Treasury bonds on 6% margin? How's that for scary! As far as Yahoo goes, I think anything can happen. The stock has a way of rallying bigtime during the last month of the quarter (ref December, March) now that insider selling window is closing. So if we have a broad rally, Yahoo could zoom. I just don't feel like being long any stocks right now.

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