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Technology Stocks : NewsEdge (NEWZ = INDV + DTOP) -- Ignore unavailable to you. Want to Upgrade?


To: Regeloney who wrote (783)10/8/1998 7:08:00 AM
From: Len Giammetta  Read Replies (1) | Respond to of 2365
 
A shot in the arm? <Yahoo! reported third-quarter earnings and revenue that smashed analysts'expectations Wednesday, raising hope that the Web powerhouse will give beleaguered Internet stocks a much-needed shot of adrenaline.>

Yahoo!'s results could come as a huge relief to the Internet sector, which hasn't been able to shake increasing concerns that crumbling foreign economies could lead to a U.S. recession in the next year. Most Net stocks remain 25 percent or more off highs reached over the summer.

cbs.marketwatch.com

Reg, I'd like to think that we'll close up for the day, but in this market anything can happen. I read that the dollar lost again against the yen. Some believe that will cause a massive selloff in out markets. Whether or not this has already been factored into our price is the question.

Good Luck