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: Jerry Gogol who wrote (101)	12/8/1999 8:35:00 PM
From: John Stockman	Read Replies (2) of 108

No post is a silly post. My feeling is that ALL Internet stocks are worthless. Sure, Yahoo has made some money (Only about $40 million in a quarter). Sure, Yahoo "seems" to be the stock to own. Sure, they'll be around for awhile. However no stock can be evaluated with a 1 Billion dollar market cap for every 2 million in profits annually. Yahoo can not stay up with these evaluations, and they'll never make enough money to justify prices in the $300, $200, or even $100 range. Competition is occurring much more, and there will never be enough advertising dollars to "go around" for all sites. (When was the last time you clicked on a advertisement and purchased something from that company in question?) There's also the fact that Yahoo and the rest are spending massive advertising amounts and hiring many more personnel to ramp up their sites. Bottom Line: Profits will be down and so will the stock. EOM.

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