Shorting YHOO Message Board

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Technology Stocks : Shorting YHOO

YHOO 52.58

0.0%

Jun 26 5:00 PM EST

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To: KENNETH DOAN who wrote (63)	9/23/1999 10:11:00 PM
From: John Stockman	Read Replies (2) of 108

Time to really short this baby now. Was going to buy some shares in the 180's, but it looks like anytime is a good time now. Sure we could have a bounce in the stock prices after a steep sell-off, but October is just around the corner. Time to inform people that we are coming in for a crash. Realize the facts. The P/E ratios for these internet companies is beyond belief. The price of oil per barrel has doubled this year (inflation's coming). The interest rates will continue to rise. The Y2K problem will hamper international distribution of goods, and hoarding will be a problem. Add all of these reasons up, and it spells a crash in the stock market as people try to get their money out. Sure we could see some nice steady returns for a little longer, but I'm sure it won't last.

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