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


To: Smart Investor who wrote (16403)12/28/1998 2:37:00 PM
From: Chuck Molinary  Read Replies (1) | Respond to of 27307
 
Smart,
It's a real shame that these stocks can't be shorted. AAGP reached 15 and is now down to 9 5/8. Could well close right back where it started. These stocks do not remotely resemble investments.

Today's trades:
I unloaded my AOL at 157 11/16 for 6+ points today. I will look for a good reentry point hopefully near Thursday's close.
I smell a sell-off this afternoon so I went short YHOO at 278 1/4 and MALL at 48 5/8.

Champagne on me for Thursday evening!
ctm



To: Smart Investor who wrote (16403)12/28/1998 2:52:00 PM
From: Tom R.  Respond to of 27307
 
Yes, at some point these hot internet stocks will NEED to show a profit in order to progress further. The Net stock of 99, IMO, will be one with a legitimate revenue model and a profit history. There are some companies who fit this bill, and a lot that don't. One in paricular that I think WILL show a profit comes to mind.. and that is WordCruncher Internet technologies, Inc. (WCTI). They have an incredible revenue model, and great management! The CEO, Daniel Lunt, is one of the men responsible for bringing Word Perfect into every home back in the 80s. Do your own research and you'll see what I mean. However, I do also believe that YHOO will continue to do well in short term. So take profits while you can!

Tom