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: Mark T Warren who wrote (23288)	7/28/1999 1:16:00 AM
From: Jeff Dryer	Read Replies (2) of 27307

Mark, Here's what I think: KeepItSimple has a point. Most individual investors don't have a clue about shares outstanding or market cap. Most individuals who have investments in Internet stocks have no idea what they are doing and why they are invested in certain stocks other than maybe their broker called them up and told them to buy or maybe their next door neighbor owns it. We are seeing crazy valuations in the market for hundreds of companies because we are in a stock mania where pump and dump and momentum players rule. Wall Street is motivated to keep the leading Internet companies at high valuations, so that they can get all their IPOs done. Once the IPO season is over, then motivation for keeping stocks at artificially "unsustainably" high levels will be much less. Better to have a big market sell-off, so the institutions can buy in at low prices.

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