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: Chi-X who wrote (1473)	9/11/1997 11:56:00 AM
From: Steve Andrew	of 27307

As an impassioned and short-positioned full-time private investor, I am going to add a little historic value to this thread. I was a (documentable) long-term short of PRST and BEAM (See JaxBDawg on the AOL Motley Fool boards in 1995 & 1996 on PRST). YHOO is now a highly attractive LONG-TERM short for my portfolio. This is a good little company whose fundamentals in NO-WAY justify anywhere near its current valuation ($2.5 billion+). No matter what accounting games are played and no matter which Market-Makers apply the short-squeeze strategy, YHOO will not sustain these lofty levels for ever. This is simply a momentum driven short-squeeze (one that options listing and splits will not remedy) engineered by several NASDAQ mm's and concurrent momentum focused mutual funds. It is a game of musical chairs that will end badly, as YHOO has not enough sustainable revenue streams and unique (or protected) product niche to deserve these multiples. I've watched PRST, BEAM, NSCP, and SPYG pound the table and promise ALL the FUTURE. They each delivered far less than promised and their stock price adjusted accordingly. YHOO has no product that demands consumer attention nor does it effectively eliminate future competition from its captured niche (search engines). The next wave of Internet related technology (PUSH and directed search) will see an open field approached by many different commercial businesses. YHOO is not plagued by a shaky corporate past like PRST, but suffers from the same fate.....a ridiculously overvalued valuation that will correct inevitably and substantially. A well tested strategy is the synthetic put.....short stock & long-call. This will withstand the short-term upward shennanigans and still leave a good short position intact. Lastly, pay no attention to the legions of brokerage house analysts supporting this stock with buy ratings. They are no more than paid shills for the house's investment bankers and retail sales trading areas. These guys were the same morons recommending NSCP @ 80+ and Spyglass @ 90+. They aren't any brighter, or experienced, than any diligent and disciplined investor. If you can't stand the pain.....get out of the fire....if you can be patient....this will correct. Good Luck to all but the Greedy...

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