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

To: Time Traveler who wrote (23900)	9/11/1999 12:48:00 AM
From: -	Read Replies (2) \| Respond to of 27307

No, haven't stopped...I had just layed off on this thread, the thread discussions had sort of degenerated (is that possible ;) and I took it off my minder. As I recall the main topic on the thread at the time was a debate of global politics <G> I am of course still fond of YHOO as a trading vehicle, honestly was in and out of YHOO three times today, the last exit being about 10 minutes before the close. The stock is trading well, not as well as EBAY but it's being it's old self again. I've also been trading intraday in EBAY, AMZN, RHAT, IIJI, RBAK, BRCM, and EXTR lately. What makes me nervous about the net stocks is, the conventional wisdom (from the experts) is that everything is going to be "fine" now. Even Cramer, an amazing guy and fountain of knowledge but well-established as a really bad timer, says "now is the time to buy the (blue chip) net stocks" today. I like the idea, but if you look at YHOO on the day chart (for example) it's gapped up and run for two days sequentially in a streaking ('yawn') move (last similar move was March 8). That kind of irrational exuberance is often corrected out swiftly on the daily chart. Cramer now says buy them after EBAY doubles from $70 (Aug 5) to $158 (today)... a little late, duh. So the net sector is moving up, but looks a little short-term extended to me, therefore I'm extra-cautious about setting in them. That's why I'm just scalping YHOO intraday now and not setting in it for swing trades -- a swift (minor) correction would be expected at any time (like RHAT and IIJI just did, after similar moves). However, there's a good chance they will continue moving up into the end of the year, with many of the analysts pounding the table for the nets, institutional money coming back in, short-covering, etc. So my fundamental view is bullish on the sector. I try not to let that get in the way with watching the individual stock action and listening to it... Of course, as an investor you could have done pretty well by loading up in the low $120's too... but then if it corrects to $140 what does that get you? With continual scalping and swing-trading (with stops), you get to keep more! -Steve