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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: Platter who wrote (16149)12/21/1998 8:22:00 PM
From: barry s  Read Replies (5) of 27307
 
Good post! I have to admit that I am amazed and completely did not anticipate what happened today. I thought that Yahoo had peaked at 227 and was on its way down (slowly but surely). Quite obviously this is not what is happening. Yahoo is still on its way up. Where and when it will end-- who knows, but it surely will end.

My biggest concern is that when the bubble bursts and possibly $100 billion of net worth is lost (on the internet stocks), what will happen to all of the other legitimate stocks as they are sold to meet margin calls on the internet stocks. While I had hoped that we could avoid a full market crash, I now believe that the bursting of the internet stocks will likely be the trigger for a full blown market crash. Comments please!

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