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


To: craig crawford who wrote (9988)4/14/1998 2:49:00 AM
From: Michael Collings  Read Replies (1) | Respond to of 27307
 
Well Craig, here's my prediction..... Yahoo along with the rest of the market, might and I only mean might since I doubt it will be that long, have a week or two to go before a significant correction begins.

Yahoo may not drop on any news but drop with the rest of the market.
Too many indicators are pointing in that direction and many of the blue chips are already starting to roll over. So if the market goes so will Yahoo regardless of anyone's hyping. And even MSFT fell 40% in 87 although it NEVER got to the valuations or P/E that Yahoo has, not even close.

By historical standards (and I know, this time is different, New paradym and all) the S&P 500 should be at 600. At over 1100 now, that makes for a pretty hefty drop. And those baby boomers who save 5% need to check out the Japanese who save 20% and see how that saved their market. It's all coming together right now. And there's no better place to be than to be short the highest flying flyer in the market.

So that's my prediction and it really has nothing to do with Yahoo the company!