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

To: Douglas V. Fant who wrote (2971)	11/19/1997 1:23:00 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 27307

I personally think Yahoo's upward move is exhausted for a while. Whether that (if true) results in a consolidation or correction is anybody's guess. I've been thinking that I won't reenter Yahoo from the long side until the stock has done some basing. I could imagine the price declining back to the 200-day at 32, especially if the overall market corrects further; or trading in the 40-50 range until the market gets bored to death with the stock, much like this past spring. I can't see a case for using fresh money to buy the stock right now. I didn't try to play this rally, and it looks like Yahoo is putting in a third lower high. The Japanese market is reeling from disappointment from statements that the Japanese prime minister is making about bank relief. I think actions speak louder than words, and the bailout this week speaks volumes. Maybe he'll wise up from tonight's decline, and soften his profile. We can hope. The bank stocks in Tokyo are getting crushed tonight.