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

To: Peter Goss who wrote (3940)	12/9/1997 12:41:00 AM
From: Bill Harmond	Respond to of 27307

>>Does the valuation for that "reach" still hold if the S&P is at 14x instead of at 20x? If the S&P declines 30% it would trigger a recession by itself and everything would go down sooner or later. A bear market isn't in the cards for now that I can see. Yahoo isn't the only stock going up. I own four or five other stocks that were up a greater percentage than Yahoo today. This rally is very broad in technology, particularly communications and software.