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


To: radames who wrote (24318)10/18/1999 8:03:00 PM
From: CookiePuss  Read Replies (1) | Respond to of 27307
 
radames, i agree with you about being cautious short term. i would add dell's pre-announcement re:shrinking 3rd q margins after the bell to your list of short term negatives. futures are tanking tonight. i'm stuck holding that sucker stock unfortunately. i was getting ready to bail but i guess i'm too late...

anyway, yhoo will bounce back once this "correction" plays itself out. there are too many naive souls out there who will bid it up to higher highs as the holiday hooplah approaches. this is fine with me of course, increased volatility ultimately means greater trading profits both on the short and long side.

regards,

mike



To: radames who wrote (24318)10/18/1999 9:12:00 PM
From: t2  Read Replies (1) | Respond to of 27307
 
Going from interest rates of 6% to 6.3% is not a big deal for investors in Yhoo. If the problem had been interest rates, no one would ever had bothered to buy internet stocks---even if rates were at 3%. It was not interest rates but future potential. In a high interest rate environment, the IBMs are going to lose market value not the internets. Remember last year in global financial crisis, it was the nets that held up very well.
Nothing is really any different this time around, IMHO.