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

To: wiley murray who wrote (14359)	10/7/1998 2:04:00 PM
From: Claude Cormier	Respond to of 27307

<<Some say the whisper number of 12 cents needs to be beaten or YHOO,AOL,and other net stocks will sink. >> Even if they get 15 and more... that wont be enough to sustain this kind of overvaluation... the peak may not be in yet as we could see a strong up surge on better than expected earnings, but the intermediate term has to be down. IMVHO, A target of $50-$60 for early 99 would make sense.

To: wiley murray who wrote (14359)	10/7/1998 2:45:00 PM
From: Kailash	Read Replies (2) \| Respond to of 27307

Hi wiley - There is so much money playing in these stocks that it's a big game of chicken. We're now dropping down to 112 on the day of earnings, but this also means we could get a rip-roaring rise in the next hour, or in the morning tomorrow. I doubt this is the last we see of the highs; the way this game is played, it pays to let the stock drop today, accumulate at the lows, and then pump it up again. The danger of course is that some pump will be the last - but I'd be really surprised if we don't get another spike on earnings. The really bad news is for Amzn, which will be pummeled; the question is whether Yhoo can separate from it and rise in spite of its fall. So far it doesn't seem to.