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

To: Jerry Olson who wrote (31037)	4/1/2000 10:05:00 AM
From: IQBAL LATIF	Read Replies (4) \| Respond to of 50167

That was a good call vby you OJ, rather good feel since morning that market will turn but this is what is important for this move to sustain..According to Bloomberg report SFTBF will be sold if it is correct, use the bounce to gwt out if we break 595 again it is not good on IIX.. if Yahoo is sold we will see selling multiplied.. <<Internet Internet-related companies may extend losses next week, on concern that this week's four-day 10-percent drop in the Nasdaq Composite Index, half of which is computer-related stocks, may continue to fall. That would raise investor concern about the valuation of such stocks in Japan as well. Softbank, one of the world's largest investors in online businesses and which has risen almost eight-fold in the past year, fell 5,000 yen to 91,500. Yahoo Japan Corp., whose share price has risen more than a thousand times from March last year, plummeted its 7 million yen limit to 62.3 million yen, following a plunge in its U.S. parent company Yahoo! Inc., one of the biggest portal websites and Internet search directories. Yahoo! in the U.S. fell on concern its price/earnings ratio of 435 may indicate it's overvalued. Yahoo Japan, in which Yahoo! owns a 33.9 percent stake, trades at 1,764 times earnings.>>