SI
SI
discoversearch

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: Jay Parekh who wrote (23677)8/13/1999 3:42:00 PM
From: Lucinos  Respond to of 27307
 
Since most of the analysts expected a bad PPI report, I think the rally today is mostly due to short squeeze. For Yhoo, either there were not too many people shorted it at this moment, or the shorts are betting on the consumer report on next Tuesday. To me, I think the shorts are getting more and more dangerous now if they shorted Yhoo below 120 (unless they have a deep pocket to make the turns).

Lucinos



To: Jay Parekh who wrote (23677)8/13/1999 10:46:00 PM
From: -  Read Replies (1) | Respond to of 27307
 
The whole internet sector traded like that today -- you know, like regular stocks just up a couple of points. There were only two or three nets that were up big. All sectors were up except for oil/oil service, and the strongest tech sectors were the chips, and (some of) the networkers.

Nothing to worry about, the strength comes and goes out of the various sectors. It is a positive that the nets held support this week, and are not trading DOWN like they were. Odds would favor some more recovery action in the nets next week... but I don't try to guess that far ahead!

-Steve