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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: Bill Harmond who wrote (7960)3/7/1998 3:21:00 AM
From: StaggerLee  Read Replies (1) of 27307
 
>>Web user growth running 9% a month

Sorry, but you're high on crack if you believe this, and I know you don't. It's always great to prosper against all odds (like playing roulette), but let's stop trying to pretend it's anything near rational. This is market hysteria, combined with internet hype, plain and simple. EVERY valuation measure for this market is at a century-long extreme. EVERY SINGLE ONE. Even the stongest supporters of this stock (including management, who are running for the exits) can't make a rational case for this valuation.

Keep buying. Keep worshipping the emperor with no clothes. Why even bother thinking.

Fifty-three times REVENUES, and virtually no barriers to entry. What a bargain.
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