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

To: Don Westermeyer who wrote (4829)	12/22/1997 9:35:00 AM
From: PeterGx	Read Replies (2) \| Respond to of 27307

Don: I tend to agree with your idea that the market will generally not move too much in either direction next year (~6 months). Initially, and especially with all the gloomy news of the last couple of weeks, I was bracing for a strong bear market. Business Week's last issue, which is dedicated to forcasting the 1998 markets trends, helped me arive at this conclusion. On one hand there are the Asian "Flu", the threat of diflation(overcapacity, and currency devaluations), wage pressures are finally beginning to surface, etc.. On the other hand, aggregate demand has not let up and certain sectors, like housing, and services are experiencing growing demands and cosumer confidence remains high... While competitive pressures will definitely lower (record) corporate earnings, and operating margins, those should remain historically strong... My understanding is that trade constitutes around 30% or US corporate earnings.. of which more than half is in exports to Europe and the other half is split between Aisa and Latin America. So provided that LA or Europe do not follow suite.. and domestic demand remains strong corporate earning should not stray too far off current levels. Business Wek also seem to conclude that (suprisingly) "belief" in equity as a superior investment vehicle is stronger than ever (which should keep the influx of funds into the capital markets) ...Any opinions? Cheers!

To: Don Westermeyer who wrote (4829)	12/22/1997 3:39:00 PM
From: Bill Wexler	Read Replies (4) \| Respond to of 27307

Shorted more at 64 7/8 this morning.... I feel like I'm in a poker game where the guy with a pair of deuces keeps raising. Hmmmm....I guess it could be argued that I'm that guy!! ; ) I'm kicking myself for not waiting. But fortunately, I have tons o' margin to play with. I'm not going to capitulate. Learned my lesson on this one. No more shorting momentum stocks. Footnote: I shorted through Fidelity. They hold a large position so I have never had any problems borrowing the stock. When I called today, the broker told me that they are raising their margin requirements on Yahoo. I guarantee you that caused a flood of covering by the small fry. Pretty neat scam.