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: Bulls who wrote (7767)	3/3/1998 9:50:00 PM
From: Michael Collings	Read Replies (1) of 27307

Bulls: I guess my irony didn't come through. I thought for sure it would be recognized since I keep reading on the thread how fundamentals don't matter on a stock like this. I do view momentum investing as sheer gambling, especially on a stock that trades at a p/e of 1800. Liquidity driven stocks and markets ALWAYS end badly. Guessing the end tends to be mighty tricky but it will come as it always does on stocks like these. Discounting earnings even at 80% (the analysts projected earnings growth rate out the next 5 years) makes this stock expensive and ridiculous. If you notice in my prior posts I am short this stock at 70 and 73 1/2. I have no reason to hype this stock. All my other remarks in my last post were made with tongue firmly in cheek. My apologies if they didn't come across that way.

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