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

To: Bill Harmond who wrote (12637)	7/11/1998 12:57:00 AM
From: Sonny Blue	Read Replies (1) \| Respond to of 27307

>> T/A has me accumulating semiconductor stocks now. Applied Materials pre-announced this evening. I don't think Intel & other semis will spare better next week. I've worked in semi for the last 14 years and this time I suspect the down cycle may be a long one because the recent up cycle (91-97) was quite long as well. Most of investors I know could not wait to get back to semis. But I'm afraid the over-capacity and Asia problems will not be all resolved till the end of 1999. On Yahoo: I think it may hold steady here (180's) for a while. (Softbank buy point?) I don't think it soon goes down in 160's where I'd like to buy again. Remember it went from 129 to 99 in the previous correction, so I hope it would do the same this time.

To: Bill Harmond who wrote (12637)	7/11/1998 3:14:00 AM
From: Da Zipstah	Read Replies (1) \| Respond to of 27307

>> If many of the Yahoo shorts had been using technical analysis they wouldn't have kept their damaging positions. They would have cut and run.<< Dead wrong, William. TA (and simple logic) was the foundation for establishing my short position. To cite but a few technical indicators, stochastics were flashing "overbought" more than a few days ago, and divergence from the 50-day MA is still ridiculous. Shorts, using TA properly, ADDED to their positions during the recent run-up. I did, and am showing a pretty decent profit.... And now we're looking at a possible "head and shoulders" chart formation, implying further downside potential. Your explanation of "resistance" and "support" was very good, however. Aloha and happy investing, Da Zipstah