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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (4264)	12/19/2000 7:15:56 PM
From: GST	of 57684

"That's momentum" Yes -- and it is straight down. A stock down 90 percent that is still dropping like a stone is not exactly a confidence-builder. What makes Yahoo worth $15 billion? Why not $1.5 billion -- a 90% drop from here? Lets say that Yahoo's earning get cut in half from here -- giving it a multiple of 140. And lets say that investors are fed up with the bs around the net stocks. So lets say the new multiple is 30 -- that would take us from 28 bucks today down to $7 or $8 -- right? Hey, look at it this way, you will get your money back at least.

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