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


To: Judy who wrote (5316)12/30/1997 5:15:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 27307
 
TA for Yahoo is positive. I wouldn't short it until it makes lower highs and lower lows.

I bought May 85 puts on Dell and May 40 puts on Wind River this week, and both positions are under water. I was encouraged by the way they threw Compaq away on big volume at the close today, so maybe the Dell will work out. I don't have a price target on either issue.

I'm 90% in cash, and am missing this rally which could be the beginning of another intermediate leg up. Many stock have put in "V" bottoms which I suspect until some sort of testing or consolidation occurs.