SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pater tenebrarum who wrote (23010)7/15/1999 6:07:00 PM
From: Jeff Dryer  Read Replies (3) of 27307
 
I agree that valuation hasn't been rational... not rational for quite some time. And it has paid off for investors to use an irrational investing approach (eg. valuation doesn't matter, P/E doesn't matter, buy the leaders, buy on momentum).

If as you say, this is the blow-off stage, then it would be wise for investors to approach investing in a rational manner again. Look at the P/E ratios, look at the growth prospects realistically and look at the market caps. Because one of these days, it will seem like overnight everything is down 50%. Market corrections are almost always steeper and swifter than the upward climbs and the big corrections always wipe out many investors and I don't want to hear the sad stories this time like I did back in October 1998 and several corrections before that.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News