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

To: HiSpeed who wrote (13936)	9/24/1998 12:32:00 AM
From: Michael Collings	Read Replies (2) \| Respond to of 27307

I can't believe I get to short this stock again! May put in a small order tomorrow to build a position again. I do think that consensus earnings of 9 cents is way off the mark. I fully expect at least 12 or 13 cents given the added cash and money market rates. The extra 250 million would add around 3 cents a share by itself. Of course I do wonder how much they are spending on those absolutely ridiculous TV ads. What an total waste of money! I expect the market to sell off again after the fed lowers rates next Tuesday. Lowering rates will not stimulate demand. The yield curve will stay inverted which means a recession is in the making. As long as that is the case, banks cannot make a profit borrowing short and lending long. Bonds already have a rate cut factored in and the rate drop will just lower the dollar. I'm long gold stocks. In any case, this rally will be short lived. I hope to be short my full position just prior to the earnings announcement.