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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: JDinBaltimore who wrote (29966)	12/8/1999 10:33:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

In my very humble opinion Yhoo is no CSCO or IBM, like Dan Quayle was no Kennedy.. the 40 million $ rev of Yahoo in comparison to 101 billion $ of cap as per last night close is untenable, if it I will rather be a 'bear' on this one atleast..we were just hours ahead of what the market is feeling now,. <<<Even so, implied volatility in options on shares of Yahoo was inflated Tuesday as investors braced for a possible retreat in the stock following its addition to the Standard & Poor's 500 index after the market closes. Investors fear the stock price could fall back once demand from index fund managers dries up after Yahoo! joins the index, said Paul Foster, investment strategist at 1010WallStreet.com. "The company doesn't have any new products. The company doesn't have any new strategies. The appreciation in Yahoo over the past few days is strictly on index managers having to insert Yahoo into their portfolios," said Foster. >> Let's see?last Tuesday Yahoo had one down day in a row, then it rallied 16 points on Wednesday, 16 more on Thursday, up 8 Friday, Monday up 27, and Tuesday the shares tacked on an additional 67 points. I guess Wednesday it should be up $100!!!!! This is insanity in its finest hour, with Yahoo surpassing American Express' market capitalization this week. American Express, one of the world's most treasured and prestigious companies, with more marketing power, brand name recognition, and commitment to customer satisfaction than Yahoo will ever have. It is just a mind blower when you think about it. But for now the game remains tech, tech, tech. Forget, everything you know. It is only what the company does and how much it's shares goes up, that matters. Nothing else. I assume, as I stated in the Monday letter that there is enough firepower and greed to keep this craps game intact through the years' end. What I want to watch closely here is the two biggest Nasdaq 100 components: Microsoft and Intel. Having been out of the game since this summer, neither have been additive to the DJIA or Nasdaq 100. But now, Microsoft has hung together in the low 90's, to really move if traders and investors have a reason to latch onto. Ditto for Intel. So, key on those two names. If MSFT clears $97, and INTC gets above $82-84, the shorts will get destroyed a la last December. I know it seems far-fetched, but remember that Amazon climbed 100% in the first 4 days of January this year. Anything can happen when $150 a share, multi-billion dollar market cap stocks dominate the trading environment, and you can't tell a soul, what any of them "do".