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

To: - who wrote (23543)	8/6/1999 2:26:00 PM
From: RDR	Read Replies (2) \| Respond to of 27307

Hi Palo, Check this out Total Arrogance By James J. Cramer 8/6/99 2:07 PM ET Why does Micron (MU:NYSE) mock us with its strength? Is Seagate (SEG:NYSE) trying to fool us into playing? Is it the siren song of Intel (INTC:Nasdaq) that makes me so on edge? Or the strength in Applied Materials (AMAT:Nasdaq)? Jeff Berkowitz, my partner, calls stocks like these -- the ones that rally when they shouldn't -- "arrogant stocks," as in, the arrogance of the buyers who think they know more than those of us not participating. I try not to personalize it. Life's too short. But the arrogance comment does capture so much of what you have to feel about the scattered strength on the face of a backdrop that is just OK: a presumed tightening, a worse-than-expected productivity report and an underwriting market that comes back to life the moment that Ask Jeeves (ASKJ:Nasdaq) rallies 1/8. For me, I catch up on my reading, check out some new names, do work on some out-of-favor cyclicals that could be the next Union Carbide (UK:NYSE). And I stew about the arrogance of the Junipers (JNPR:Nasdaq). Regards,

To: - who wrote (23543)	8/6/1999 6:31:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 27307

Yahoo had a bad day anyway you look at it. Here's why: 1. This is the fifth straight week that Yahoo closed under where it opened for the week. That's bad. Five big black nasty candles. 2. On the daily chart, Yahoo closed under where it opened $131 1/8. Another black candle. 3. Volume was very heavy and they still couldn't close the stock up for the day. Now, with that said, there's also some positives: 1. Yahoo closed above the 50 week moving average (after piercing it significantly on Thursday). That's good. 2. Ebay screwed everyone once again today and the bonds screwed everyone again today and Yahoo didn't do that badly. That's good. 3. Yahoo had a higher high and a higher low today vs. Thursday. That's good. 4. Monday's a new day. That's always good after a week like this. If anyone here actually thinks they have any idea what next week will bring, you're smoking something. This is the most difficult market I've ever seen. Your damned if you're long and you're damned if you're short. Never fails. <ggg>