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

To: ItsAllCyclical who wrote (2253)	10/30/1997 5:46:00 PM
From: Dylan	Respond to of 27307

<<I think we'll see another 9-10 points, but I think it'll come slowly over the next two weeks.>> That's certainly possible <<Speaking of overpriced internet stocks, do you have any target or time frame for shorting Amzn. I wouldn't consider shorting at the 52 week high. I'm looking for it to make a double top like yahoo before shorting. Right now it loo like the first top will be around 65-75 with the second top slightly higher or slightly lower.>> I would expect it to go up a little more after its dip today, and then start to drop down eventually to about twice its IPO price. The problem with Amazon is that the trendy thing for bookstores these days is to sit in the store and read the book. Convenience of ordering at home doesn't seem that important for book buyers unless they know exactly what they want without looking at it. Yahoo thinks their other major revenue source besides advertising will be the VISA shopping network for which they paid 20 million. Everyone on this thread keeps saying that Yahoo is only an advertising company, and that they need to come up with another plan to make money. I am not sure if this other plan will make them money, but they do have plans that don't revolve around advertising. And if they have some great plan, now is not the time to share it so M$ can steal it. -Dylan