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.

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

To: Don Westermeyer who wrote (3201)	11/24/1997 4:55:00 PM
From: scott harrison	Respond to of 27307

Don and Peter: You mean Yahoo's not going down to $6 a share in the next few weeks? Darn. I think I'll cover if we hit 45. scott

To: Don Westermeyer who wrote (3201)	11/24/1997 4:57:00 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 27307

Sorry, I have to disagree with both of you on January's outlook. Yes YHOO and LCOS were both down today along with many techs, but they were down about 8% while the market was down 2%. Granted some great companies were down about this much too, but yhoo and lcos are momentum stocks and do not trade off of fundamentals (much). So when their pattern eventually breaks...look out below. I think if yahoo falls below 40 again (very likely before Jan), then the oct low of about 32 will have to be retested. At that point 45 becomes big time resistance. I see yahoo 45 or lower during Jan. With this market yahoo could be in the 20's by Jan. Yes, yahoo will climb back up with the general market if that happens, but with so many good companies trading at 25%-50% discounts why buy yahoo which isn't much off of it's 52 week high and is overpriced. Jim