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

To: Bill Harmond who wrote (12558)	7/10/1998 1:34:00 AM
From: FDHIII	Read Replies (2) \| Respond to of 27307

>>>A serious market correction or change in fundamentals is another story.<<< What effect does anyone think intrest rates will have on the internet stocks??? Will it effect them at all or will they be treated just the same as the others?

To: Bill Harmond who wrote (12558)	7/10/1998 2:38:00 AM
From: Stanisav Richter	Read Replies (1) \| Respond to of 27307

C'mon folks! + After hours quote? First, does anybody have an after hours quote? Second, there are enough talented chartists here to know what it means when a stock has three down days on extraordinary volume after an intense run-up. Add to that sliding daily charts, closes near low, and a day of (quite legitimate) triumph that fails to take out the high and ends in a loss (with very strong down volume). As if that's not enough, the press was whipping the positive news for all it was worth, even to the point that financial anchors had to correct themselves several times when their copy indicated gains and the numbers were losses. The 200 level held as a psychological limit and holders of this stock will not be content to go sideways, thus the sharp drop. I don't think anybody's saying that YHOO is a bad company, quite the contrary: They have proved themselves. However, YHOO and their boosters should be very pleased with a valuation even half of what it is now. Such a valuation is flattering and a credit to both good work and enthusiasm. The present valuation is a product of liquidity and momentum. There is nothing else under this stock between here and there. If YHOO was a smaller stock I would never bet against it. However, we are talking about a LOT of money to be made and lost. With Billions at stake, wild, "enterprise" valuations simply provide too much possible loss to be tolerated by the market. Yahoo's valuation will be limited by the fact that it finally has come of age.