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: Smart Investor who wrote (16249)	12/23/1998 11:25:00 AM
From: Chuck Molinary	Read Replies (2) of 27307

Good morning Mr. Smart, Congrats on closing your SEEK short. I covered at the open for a wash. Got nervous with the pre-opening bids on AOL, YHOO, etc. so I thought it might be a runaway... Already made enough today on UBID so I may sit on the sidelines for the rest of the day. Regarding your comment "The shopping season turns out to be a bust, in contrary to the hype by Wall Street analysts and some pundits several weeks ago.": I tend to agree with Craig on this one. I think the contemporary measures of Christmas sales do not account for items sold via newer channels (read the Net). Therefore, to hear that sales are down 0.6% year over year to me is not necessarily bad. I wouldn't be at all surprised if 0.6% or more are occurring over the Internet. Personally, my wife's gift purchases are DRAMATICALLY higher this year. Hence my need to continue trading... <gggg> What positions are you taking today? I've been in meetings all morning so I haven't been able to get a feel for the action. YHOO is showing 250 right now. Back to 240 this afternoon? What's your take? Best of luck, Chuck [EDIT: One other thought regarding sales figures. I think a lot of people wait till AFTER christmas to make a lot of purchases. People have become trained to wait for the bargains. I know last year the week after Christmas was huge for the retailers...]

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