Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: GCAT who wrote (23454)	8/4/1999 6:10:00 PM
From: larry	Read Replies (2) \| Respond to of 27307

The only way that I see that can avoid a total nut crash is a market friendly employment data on Friday. If it's bad, watch out. We have had 3 days in a row that traders frantically sell into any rally. Tomorrow won't different and selling should accelerate toward to close. If we drop sharply tomorrow, I will again be a buyer (no nuts please!) at the close. If we rally into the employment data, go naked shorts on all major nuts. I do agree that YHOO! has the best business model among the bunch, but its price is still overvalued. There is no way to say that YHOO! is not overvalued even if it's been cut by 50%. BTW, the worst case is that we have a rate hike in August and then the Street begins to worry about Oct. Fed meeting. If we do have two more rate cuts within the next 6 months, I do see all the major nuts going down another 25-40% from current level. In any cases, the heavy overhang in all these nut issues are so overwhelming that it will take a very long period of time for them to recover. Take AOL, with a market cap around 100 billion, it will take tremendous effort to move this issue to previous high. Even if everything is going AOL's way, I guess that for thsoe who bought at the high will take 2-3 years to break even. good luck, larry BTW, I never really like AOL's amateur service. Some stupid axxxhole keeps telling me that AOL is a superior company than MSFT. That CEO guy sure knows how to lead a SP 500 company!