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

To: Oeconomicus who wrote (10015)	4/14/1998 12:06:00 PM
From: Ty	Read Replies (1) \| Respond to of 27307

IMO, the shorts are in a dangerous near-term position. XCIT will announce their earnings report this Thursday. I think that it is very likely that they will announce a "good" report (ie, all they have to do is show a decent growth in revenues.) This won't be so hard to do because their quarterly revenue is relatively small. XCIT will probably have a run up (even though the stock has already gone up quite a bit) that will pull up the rest of the internet stocks including YHOO. XCIT is still trading at a discount compared to YHOO's Price/Sales ratio. People nowadays are looking for any "good news" to run up the internet stocks. This gives shorts a short window of time to cover their positions. Yahoo is holding up pretty well so things don't look so good for those looking for a large pullback. Remember, this is just my opinion.