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Strategies & Market Trends : The Rational Analyst

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To: HeyRainier who wrote (1467)	10/8/1998 1:32:00 AM
From: ftth	Read Replies (2) of 1720

This says we really haven't bottomed quite yet: Updated: 07-Oct-98 AFTER THE CLOSE****** After-Hours-Trading: Yahoo! shares drop back below closing price after cautionary statements in conference call as company says current growth rate is unsustainable... That statement actually came as a surprise to some institutional traders (you know, the ones that come on TV and tell you to buy and hold and dollar-cost-average so they have a steady capital base to trade with), I guess. This is the last of the bubble though, and it probably wont just drop like a rock, but it's a good sign that a bottom formation may be near. This will probably be a great swing trade stock over the next month or so. The short cover rallies should fuel some strong upward short term moves after a couple consecutive days of getting clobbered. dh

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