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

To: CookiePuss who wrote (23532)	8/6/1999 12:10:00 PM
From: RDR	Read Replies (3) \| Respond to of 27307

Day is not over yet so watchout !!!!! With all the upgrades, the best YHOO could do was 5 points !!!!! Please pay some attention to bond yields, options pits ... Check how some other folks see today's action in tech sector..... When Tech Love Hurts By James J. Cramer 8/6/99 12:09 PM ET We've seen this "love of tech" trade after a strong employment number. There must be some mutual fund out there that uses the weakness generated in stocks and bonds to scoop up tech -- mostly semis and now some Net. I can understand this. In a strong economy, you have to like tech. You can justify buying tech when rates go higher because, one could argue, it grows so fast that it's less likely to be stalled. For me, it always seems too glib to do this trade. I don't like to fall in love with stocks when bonds are getting hit. It just hasn't been a fantastic trade. I also don't like the single-minded nature of it. The fund or funds that are sitting there buying tech, would, if they walked away, get much better prices. But they want the shorts to capitulate. They want to get the market going. I can't play like that. It's too bullish for me. I am a nimble guy, but I can't be so nimble as to know when this Friday mutual fund love affair will end in time for me to get out. That's too hard. I don't get bullish when the bank index acts nasty. It has always cost me too much. Regards,