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

To: PeterR1700 who wrote (23589)	8/7/1999 9:21:00 PM
From: -	Read Replies (2) \| Respond to of 27307

Peter, Well, I feel that based on the real situation with these companies (they are fine) the nets SHOULD rebound here, however I don't think the market is out of the woods yet because the big interest rate issue/fear looms... the Bond Ghouls are bound to find a couple of scary numbers to string together before the seasonally weak late summer/early fall months are out, to take the market down for a good slam job this year. It's started already, they've got the Nasdaq down on the ropes pretty good (~10%), many nets have taken it on the chin big-time, and IPOs are starting to be cancelled/delayed. I agree though that the nets haven't collapsed yet, for example if YHOO closes decisively below $120, a key level it is likely to free-fall to $80 or lower, panic-mode until the institutions step in to scoop up shares at $??. So, the way I see the risk in these things, all we need is a Bearish enough interest rate "number" (or numbers) and they slam the market, then the nets, being just above key support levels here, are going to break support and that's when it could get really ugly. As a result, I'm only trading these things in a hair-trigger mode in this environment, more often short than long, unlike earlier this year. Hope that doesn't sound too pessimistic, and I've been wrong before. That's why I don't try to predict, I just analyze the charts, news, and watch for good trading opportunities. My bias is to being flat in this crazy environment where they are so worried about interest rates... -Steve