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

To: Estimated Prophet who wrote (13092)	7/27/1998 11:49:00 PM
From: Michael Collings	Respond to of 27307

Brian: Personally I was just playing the odds today. Everything is oversold in the very short term and I thought that we would see some type of rally for a few days. However I remain VERY negative on the market as most of my indicators show significant deterioration. Frankly this stock is a great one to play for the bounces but I think the time is fast approaching that extremely overvalued stocks will blow up with the market. I fully plan to be short again after we are out of the short term oversold area. The bounces are fun, but I suspect this market has just about exhausted itself. The GDP numbers come out on Friday and by Wednesday or Thursday we might be looking in the face of the next wave down. I'll need to watch the advance decline to time my next short. I wouldn't consider buying anything for longer than a day or two at this juncture.