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: Bill Harmond who wrote (3601)	12/4/1997 6:08:00 PM
From: ItsAllCyclical	Read Replies (2) of 27307

<This is one of the strongest stocks there is.> I tend to disagree. A strong stock is a stock that has strong institutional support, good fundamentals, and one whose upside potential is greater than it's downside risk. Look at quote.com. At these levels it's always small buyers. Many mutual funds own the stock for long term purposes, but few if any are adding at these levels. (Just an opinion). When the oil drillers turned around you saw huge blocks being traded. Good fundamentals...while I agree Yahoo could have good sales and earnings growth it seems fully if not overvalued based on next years earnings estimates. I think the current value should be closer to 25-30 with an end of year target of 35-45 (these are still generous valuations). Upside vs. downside risk. I would tend to believe any negative news (directly related to yahoo) would have a much bigger effect than any positive news at these levels... such as growth rates will decrease over the next few years. So what is keeping yahoo up? Individual investors and momemtum. From a TA standpoint I agree it's looking strong, but a lot can happen. Jim

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