Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Bill Harmond who wrote (8040)	3/9/1998 1:33:00 AM
From: Bankceo	of 27307

When stocks continue to rise with PE and price/sales ratios several years ahead of their current valuation...Shorts can only be proven wrong if there are dramatic earnings surprises,,,ie, if Yahoo were to triple earnings estimates then I'd say...OK...we're wrong....But the earnings model is clearly inferior to AOL's even as they do not get a share of customer revenue and rely solely on advertising and I assume a % of sales from their partners...The stock is wasy ahead of itself..On a side issue, I believe the growth rates on net usage are going to level off...There is a series of non-participants, mostly senior citizens who will not touch the technology...The 60% non-households of PC owners will only gradually increase.... I have a call stradle strategy that will prevent me from losing much if the stock continues to hyper-ventilate..by rolling over the calls and taking the premium...But it is not my belief...I talked about the Head and Shoulder pattern a while back...I was wrong....From 68 to ??? will be the head...Regardless, worst case, Yahoo will be a market hedge like in October......The series of MAJOR TECH disappointments is of concern. The INSIDERS are SELLING....The Mutual Funds are BUYING....The Float is increasing dramatically....We will wait for the new fund holders to panic and sell or until the news of Fidelity dumping their shares gets out...should be soon...but I dont know for sure...Just a rumor.....

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