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To: - who wrote (22858)7/12/1999 3:19:00 PM
From: CookiePuss  Read Replies (1) | Respond to of 27307
 
don't you think this selloff is related to options expiration this week? lots of open yhoo calls in play out there. yhoo will rally again short term once this week is through. the other popular inet stocks will spark a rally in the sector in expectations of good #s. i'm planning for a another big correction in august though once earnings are out.

good trading,

mike



To: - who wrote (22858)7/12/1999 4:41:00 PM
From: john douglas  Read Replies (1) | Respond to of 27307
 
Steve, well YHOO held 150 barely. A disappointing start to the week. I expected a post-earnings correction but not 40 points in 5 days. All the top Internets were crushed today. Profit taking? EBAY server down? SEEK tracking stock fiasco? Rotation into blue-chip tech? Whatever! The stock's been in a wide trading range the last 6 months. Went long at 153 this afternoon. See more upside than downside from here.

jd


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