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

To: Bill Harmond who wrote (9277)	4/8/1998 1:39:00 PM
From: Winston Kim	Read Replies (4) \| Respond to of 27307

I doubt YHOO will have a correction tomorrow....It is more likely that YHOO will met or beat estimates and gap up 2-8 pts...depending on the results....YHOO's revenues has been growing steadily the past 2 years...and I don't see a change in that anytime soon...with the many deals that YHOO has come up with... Shorters might get hurt tomorrow..

To: Bill Harmond who wrote (9277)	4/8/1998 1:53:00 PM
From: LoLoLoLita	Respond to of 27307

Yesterday's news, not posted here, found over on excite.com: INSIGHT-Surging Internet stocks enter correction Tuesday, April 7, 1998 06:09 PM By Richard Melville NEW YORK, April 7 (Reuters) - Internet stocks have finally paused in their scorching rally and, true to form, are enduring a gut-wrenching correction from their peaks. After reaping gains of 50 percent or better just since the start of 1998, investors in stocks like Yahoo Inc. (Nasdaq:YHOO) and Excite Inc. (Nasdaq:XCIT) are getting a reminder that runaway stocks almost inevitably face the occasional free-fall. "These stocks were almost going vertical. There wasn't much in the way of analytics going on, it was almost pure emotion," Piper Jaffray technical analyst Ed Nicoski said. When such powerful rallies enter correction phases, even briefly, he said, the move "is almost always just as dramatic on the way down." The worst damage has been reserved for companies that offer search and other services for the Internet -- stocks that chartists say are riding a bubble that could burst at any time. Even so, analysts did not find evidence the end of the rally had arrived, despite sharp declines on Tuesday. In the session, Yahoo skidded 5-13/16 to 93-1/4, Excite tumbled 4-19/32 to 52-5/16, Lycos Inc. (Nasdaq:LCOS) slid 4-7/32 to 53-11/16 and Infoseek Corp. (Nasdaq:SEEK) dipped 31/32 to 19-7/8. Technicians said the losses, while sharp and severe, appeared to conform to a "normal" retreat pattern after a meteoric run. "Believe it or not, this is a normal pullback," said Gary Kaltbaum, technical analyst at J.W. Charles. "These companies may still go lower, but the bubble hasn't burst yet." Yahoo, for example, reached 103-7/8 on April 2, a full 50 percent higher than the 69-1/4 closing price on December 31. Infoseek, until lately a troubled stock that had wallowed below its initial public offering price, surged 91 percent to 20-1/2 over the same period, before retreating. In the last two days, the American Stock Exchange's Internet index <.IIX> has fallen nearly four percent to 305.48 from 317.84, but is still 17 percent above its 1997 year-end level of 260.25. When the surge finally meets a real end, Kaltbaum said, the market "will cut these things in half. You'll see Yahoo and America Online (Nyse:AOL) down by 12 or 14 in a day." Until that day, investors should expect more gut-wrenching activity, analysts said, adding there is little way, given the volatility of the stocks, to guess at the duration of a downturn or to pick the next top. "It's very difficult to pick targets or time frames for these stocks," said Jonathan Dodd, technical analyst at Morgan Stanley Dean Witter. "It's the nature of these stocks that they can correct like this and then go right on to new highs." Quote for referenced ticker symbols: YHOO, XCIT, SEEK, LCOS, AOL c 1998, Reuters