Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IQBAL LATIF who wrote (31091)	4/10/2000 5:54:00 PM
From: TWICK	Respond to of 50167

Interesting read on coming lock-ups: Message 13383898 Twick

To: IQBAL LATIF who wrote (31091)	4/10/2000 7:03:00 PM
From: IQBAL LATIF	Respond to of 50167

If you look at Yahoo 145 break and my post Message #31091 from IQBAL LATIF at Apr 10 2000 2:00PM <<A pattern of higher lows in last five session, important to hold 4200 simple but very good tool of market daily evaluation.. finance.yahoo.com^IXIC&d=5d The old economy is getting GS backing but 10260 reamins unconquered, important tug of war going on however this pattern is so far not threatening only higher lows and a good basing pattern, only sign of worry for IIX is the Yahoo break of 145 that is bad sign for SFTBF..this one thing can drag IIX down..http://finance.yahoo.com/q?s=yhoo&d=5d...>> You would notice in this one hour chart how Yahoo fortunes were attached to fortunes of IIX and Comp, once Yahoo after 2,00pm made that move to 147 we tested that 4286 area, lost that intitative as Yahoo faltered and IIX gave up so did that 4200 support, this is pure under currecnt small reading and that is not what I am trying to highlight the timing of the call, the issue is that swap spreads are widening too, that some say is FRE FNE agencies re-financing issue but for me those spreads are widening and reaching those 1987 levels for something else, has Yahoo selling or sell into strength in techs rally something to do with SFTBF? That is the point I am trying to make since that 'The Economist' article, the undercurrents are that someone big is selling underlying equities on every strength and Yahoo although traditionally sells after earnings but this time it outperformed the street but still is under pressure and so is the sector, the issue for me is that if cash burn rate is high and SFTBF needs a lot of cash this dropping valuation will impact IIX, one needs to keep a close watch on this issue, the swap spreads increasing to 120, these spreads are what aaa corporates pay over TB if they have to borrow from the market, ( it was these widening of spreads that led to liquidity issue when three cuts were announced by AG in post ASEAN crisis,Oct 98) the drop of Yhoo and broader IIX index.. fwiw.. finance.yahoo.com Goldman Sachs' "Super Seven" core tech stocks are Dell, Cisco, Oracle, EMC, First Data, PMC-Sierra and Teradyne.