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

To: Bill Wexler who wrote (4584)	12/17/1997 11:19:00 AM
From: LRS	Read Replies (1) \| Respond to of 27307

Wow! Is Citibank on drugs or what? They could use the same $3B that they are ponying up for AT&T's Universal card and buy into a business with much better growth prospects......:)

To: Bill Wexler who wrote (4584)	12/18/1997 12:04:00 AM
From: Bill Harmond	Read Replies (3) \| Respond to of 27307

Bill, I really think your time is upon us, and I've even reconsidered your $30 target. Some thoughts: Intel seems verging on further breakdown, and Yahoo trading volume is declining. I just found out tonight that Siebel, which seems to have broken down today, is one of Vinick's biggest positions. If he's leveraged, he could be forced from other positions as a result. Drawing a line under the September and October bottoms in Yahoo, extends steeply into the twenties. It would have to have a Cymer-type decline, and the same dynamics aren't there, but valuation fears could be just as powerful. In any event, a test of the October low seems reasonable to me..in the vicinity of the log-chart trend support line from January (40) which has been successfully tested four times during the advance, and the 200-day moving average (35). Good luck. If Intel holds, or the general market improves, then a squeeze is still a possibility, but I think it's becoming increasingly unlikely.