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


To: Tim Bagwell who wrote (11442)6/26/1998 11:52:00 PM
From: BomboochaBoy  Read Replies (1) | Respond to of 27307
 
This fund manager is bullish.

Caught this in thestreet.com today.

By Avi Stieglitz
Staff Reporter

With a 12% rise this week -- the best in the Lipper universe -- Amerindo Tech is now sporting a year-to-date gain of 26.9%. A big chunk of that return can be chalked up to top-holding Yahoo! (YHOO:Nasdaq), which rose 19% this week and is up 120% year to date.

Yahoo makes up more than 10% of the portfolio. Portfolio manager Gary Tanaka expects the Internet stock to move higher early next week from window-dresser buying. He believes a small pullback in early July will be followed by the next leg of the stock's run-up.