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

To: Bill Harmond who wrote (10362)	4/20/1998 2:28:00 AM
From: Marc Newman	Respond to of 27307

<<Could be a very rough transition, though, because we're talking big incremental dollars, and the IPO market dries up concurrent with general market weakness...a double whammy. That could cause a deep correction like E*Trade has had, caused by exogenous factors.>> Exactly. And I assume a big advertising bright spot for Yahoo right now is coming from the online brokers. If they suddenly see a downturn in business, due to a severe market downturn, it will be the triple whammy, no? Anyway, I don't think any of us think that Yahoo is going to miss a quarter anytime soon. Shorting Yahoo was always just my hedge for overall market weakness--and yes, I happened to pick just about the worst stock possible to use as my hedge. I was always supposed to lose money on this trade--because that meant the overall market was going up and I was profiting handsomely from my other positions. But hey, I wasn't supposed to lose this much money! I think I'm learning lessons about speeding trains/manias. Nonetheless, even if Yahoo continues to grow at reasonable rates, an awful lot of hot air can come out very quickly if the overall market turns down. (Nasdaq down under 10% on Oct. 27, YHOO down 20% and all that.) Marc