Altaba Inc. (formerly Yahoo) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: craig crawford who wrote (11587)	7/1/1998 3:59:00 PM
From: Tim Bagwell	Read Replies (2) of 27307

Craig, It was funny to see the much anticipated summer rally begin almost immediately after June 21. To some extent this market is becoming too predictable. So obviously we are in the summer rally now. I agree that we could see a correction in the fall. I expect the market to have trouble getting beyond a 24 times multiple as measured by the S&P500 and earnings are not expected to grow out of single digits for the year. So we'll go up a bit more and then sideways I guess. I view the market as unstable at these lofty prices. I'm not bearish right now but I took a small short in YHOO on a hunch that there would be resistance in the 130's. It didn't last long. I'm looking at different strategies to offset the loss now but I can't go long at these levels. It just goes against my grain. It looks like you were right on your YHOO call. Any guess where it will break next? Any chance we're seeing a short squeeze here? AMZN appears to be under a short attack now with its low float.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next