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: Dalin who wrote (17986)	1/13/1999 10:13:00 AM
From: Mark	Read Replies (3) of 27307

I believe that the price drops in AOL, YHOO, AMZN, etc. have everything to do with the Brazilian crisis and very little to do with "Selling on the Earnings News". AOL for example signed a major broadband cable deal with Bell Atlantic and they are down? 2 major brokerages and one minor one put a $500 target on Yahoo and it goes down? Yes, the Brazilian crisis scared the market as a whole. Brokers are telling clients to lighten their portfolio weight in stocks, what do you sell first? You sell the stocks with the highest Beta, the most speculative stocks. Regardless, if the past couple of international crises are a guide, YHOO will probably bounce back after the panic rush to the door stops. This could stop in a few hours or a couple of days. In fact YHOO is at this moment 45 points off it's low this morning. Mark

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