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To: TheBigB who wrote (7627)2/26/1998 1:52:00 PM
From: IKM  Respond to of 27307
 
Clinton was to make a speech today supporting a bill for a moratorium on taxing internet commerce, until 2004. Most net stocks are reacting positively. Of course, the governors are mostly opposed. It's just an excuse to buy.



To: TheBigB who wrote (7627)2/26/1998 3:51:00 PM
From: Bob Trocchi  Read Replies (3) | Respond to of 27307
 
Big B...

>>Today's rally is fueled almost entirely by a large number of small players buying small lots - or so it seems<<

IMO, todays rally is based on the story in the WSJ print edition that is a special report on 1997 results.

It listed YHOO as the #1 stock of the year and had a number of additional comments about how major analysts/brokers love this stock. Until they miss a earnings Q, the expectation will be there for YHOO to meet or exceed forecasts.

I will probably throe in the towel tomorrow and cover my loss. I say get out of the way of what surely seems like a freight train.

Bob T.