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To: waverider who wrote (3704)10/4/1998 5:47:00 PM
From: drsvelte  Respond to of 14427
 
YHOO!!

Rick, Jeffries also initiated coverage Friday with a "buy." Here are some pithy comments from their analyst.

-- said Yahoo!, as the leading portal service, has become synonomous with the Internet with a "tremendous" brand name and "uncanny management" that has led it to stay "one step ahead of the competition." Yahoo shares were up 7-1/16 at $120. Yeesh!

If the past is any indicator, YHOO tends to run up prior to earnings and sell off after. They have a history of positive surprises, and everything I've read is that $.09 is a slam-dunk -- the "whisper" is probably higher. Last July in the three days prior to earnings they ran up about 20 points. Starting 9/21, YHOO has now run up 40 points. Depending on overall market conditions, it may run up more thru Wednesday. If things look good overall, I will probably go long on Monday and sell short Wednesday.

After Friday's action I initially felt that the positive momentum would carry over Monday. I'm not so sure now. No Goldilocks stories out of the G7.