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

To: LOGAN12 who wrote (21914)	6/2/1999 9:11:00 PM
From: RON BL	Read Replies (1) \| Respond to of 27307

From today's briefing: Tech Stock Analysis Bonus Link: Tech Stocks Archive Updated for 03-June-99 Please note: Briefing.com is provided as an information service only. Charter Media, Inc. and Briefing.com do not make specific trading recommendations or provide individualized investment advice. Readers should make investment decisions based on thorough research and their own investment criteria. See Disclaimer. General Commentary: For the second time in a matter of days, techs staged a strong late day rally after getting hit hard in the morning... Briefing.com contends that this is a very positive sign... Especially when you take into account fact that volume on upticks has exceeded volume on downticks... Traders remain cautious given rate backdrop, but as we have noted on numerous occasions over past few weeks, rise in rates only a temporary problem... Once focus shifts back to earnings, techs should stage another impressive rally as sector expected to report best quarter in years... And with Yahoo!'s (YHOO 142 1/2 +4 5/16)earnings about one month away, the transition from rates to earnings (as key directional force) is just around the corner... Briefing.com maintains that now is a good time to position your portfolio for the next upleg... In doing so avoid the trap of buying the most beaten down of stocks as the big losers typically underperform those stocks which exhibited decent relative strength during the correction...