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

To: PeterGx who wrote (5690)	1/5/1998 4:05:00 PM
From: PanzerGeneral	Respond to of 27307

Hmmm.... not a big a drop as expected. NSCP had nothing to do with it. This downtrend was well anticipated. Now that the institutions are dropping YHOO like a used rubber, there's no where to go but down. Last trouble is the short interest unwinding. We'll pick up momentum as the week progresses. Probably high 40's to low 50's by Friday. lol It's so predictable.

To: PeterGx who wrote (5690)	1/5/1998 10:40:00 PM
From: Rational	Respond to of 27307

PeterGx: It is really strange that even the Wall Street J attributes Yahoo!'s price decline to Netscape and to the Softbank CEO selling 750,000 shares. Observe, however, the following: * From WSJ: Greenspan broached the sensitive subject of stock prices in a speech, saying that "very rapid asset price declines" can be "a virulently negative force in the economy." * The deflation could ordinarily be expected to force the Fed lower the interest rate. While this expectation sharply lowered the gold prices and gold stocks, it should have had a highly positive impact on the rest of the stock market; but it did not. Today, NYSE had to halt after massive program selling. * Why doesn't the stock market like a lower interest any longer? Fed is accelerating money supply growth to arrest the rise in US$, which is attributed overseas investors believing US as a safe haven for storing wealth. [Their exports stay here in US$, Treasuries and stocks!] But, trade deficits and current account deficits have soared. Corporate income/exports are dwindling, reducing the IRS income and raising the budget deficit. Thus, the Fed is effectively raising the interest rate (the real rate) by even holding the rate steady or lowering it somewhat due to the deflation and the increase in money supply growth. This has permeated into the market with Greenspan's comment of very rapid decline in asset values . * Obviously balloons are likely to burst/shrink rapidly before steel mills and utility companies are dented, IMO. Sankar