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

To: Peter Goss who wrote (3934)	12/8/1997 11:46:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 27307

But Yahoo is different. It's the internet land-grab leader.

To: Peter Goss who wrote (3934)	12/9/1997 12:06:00 AM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

>>In the first week of october YHOO also made a new high breakout on good volume. This was followed by a sharp downmove culminating in the late october sell-off to $35. Everyone who bought the breakout got killed. Do you remember Alan Greenspan's testimony in early October where he doubted the new paradigm, killed off the bond rally for a few days, made the dollar soar, killed the Korean Won, and triggered the October panic? Do you also remember the fall of 1994, when Mexico crashed, slowed the US economy and set up the huge 1995 advance (due to p/e expansion) in spite of the Fed raising rates in early 1995? This could be a repeat of that, but on a much broader scale. >>Finally, I will ask the question of the previous post again. What is your sell signal longs? I am dying to know. Today was the mother of buy signals: a breakout through a triple top on huge, expanding volume. Unless it's a false breakout (Bill Wexler's contention, which I think is unlikely considering the performance of other small-cap techs during the past week or so), I expect the stock to run higher on short covering, then possibly fall back on declining volume finding support near the previous $58 high. There's no sell signal anywhere I can see, and I think it's pointless speculating on a top for now. I'm keeping an eye on the bond market. Increasing long-term rates (particularly above 6.75%) have triggered corrections since early 1994. Right now the rate is 6.13%.