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: Peter H. Hodge who wrote (1254)	8/14/1997 8:36:00 PM
From: sam	of 27307

>>Quick tank to 49 3/8 around 1:15. Profit taking continues.<< It's not the profit taking. It's the lack of interest of the stock. I had watched for 2 week on buy and sell bloc.. It is a patten started last week. Big sell order and small buy order. The profit taking are starting only people feel losing the momentum. This decline has sure set the starting point for that. Many people who bought into the " great company " theory does not even know what are they doing. I say it again: great company does not translate to acceptance of over value or overpricing. Many people don't even think about the cost of capital when dive into $50/share stock which lost $00.74 last quarter. Another example here: Microsoft is a great company. But would you buy it 15 years ago for $100/share? If your answer is yes, you ought justify your overpay for YHOO. But if you put $100 into Treasury Bill 15 years ago and probably earn more than what you can earn on Microsoft if Microsoft were selling at $100/share 15 years ago. Sam

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