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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: Brett Behm who wrote (965)7/15/1997 11:12:00 AM
From: Ben Smith   of 27307
 
Don't feel sorry.

The shorts are going to make a lot of points off this one. A month from now the hype will have dissipated and news of insider selling will drag the stock down. Possibly a flat quarter- remember ratings fall off in the summer months and a lot less people are sitting in front of their computers. Less eyeballs in the summer !

One more thing. Estimates for the year are .6. Lets say they beat estimates by double .12. At the price of 20 bucks the pe is still is 166. How many companies do you know of with a P/E of 166.

Their is a lot of competition facing yahoo.
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