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

To: CookiePuss who wrote (24317)	10/18/1999 7:12:00 PM
From: radames	Read Replies (2) \| Respond to of 27307

re::short position today yhoo showed relative strength but i would still be very,very cautious going long because of the following factors,, long bond going higher,intrest rates look like they are going up and if that happens we don't know how high they will go,it all depends on how the numbers look tommorow,,with rates going up imo we will see alot of institutional selling as they will want to lock in profits before years end. that is where the real free fall will start,imo yhoo's market cap and p/e will make it one of the worst hit if intrest rates go up and if this happens imo the street may start to value it like a real company i.e.(ibm) and put a more realistic p/e to it .if people are selling proven companies with real earnings they will get rid of the over 1000 p/e stox rather quickly.let's face it yhoo closed at 170 today and we have had 2 rate hikes since it fell to 120,where will it go if we get a third hike because it sure nas not corrected yet we may see a 50% cut in market value in the near term and this time in a high rate enviorment and people raising cash for y2k and the possibilitiy the market will start to value these companies like other blue chips with realistic p/e's,this may mean if the net corrects it just may not come back this time.