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


To: The_Guru_00 who wrote (16370)12/24/1998 11:34:00 AM
From: The_Guru_00  Respond to of 27307
 
Twas the night before Christmas,

I couldn't settle down for a cold winter's nap if most of my net worth was long Yahoo, especially for three long days until Monday. Sleep with cash, not risk, little one (not directed at you SI).

90 minutes left.

Merry Christmas.

Guru.



To: The_Guru_00 who wrote (16370)12/24/1998 11:45:00 AM
From: Smart Investor  Read Replies (1) | Respond to of 27307
 
Merry Christmas to you, too. The bond market may not be directly linked to the internet market, but the overall market is. Therefore, if the overall market corrects, then the internet market will go down with it at even higher speed because of insane valuations. Some of my friends already talk about selling some stocks and starting buying some bonds in the near future.

I have a long position in AOL, and a similar short position in YHOO. Therefore, one way or the other, I am covered. I do not want to have just a long or a short. My gut feeling is that we will have a big correction in Net stocks early next year if not earlier.