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: damniseedemons who wrote (9170)	4/7/1998 2:17:00 AM
From: PAL	Read Replies (1) of 27307

I'll sell it when (after) it's clear that the stock won't be going up (read: stay flat or go down). I have yet to find a person who is consistently successful in timing the market. If you have discovered that magic formula, love to hear. Note that I don't think valuation is a factor, at least not in the sense that you guys think of it. Yahoo is currently driven by momentum "investors". After Wednesday earnings report funds managers and people will realize: "I am paying 60 times revenues?" That is where valuation comes in while currently it is taking a back seat to momentum force. In contrast to your buying April 90 calls, I loaded April 95 put (which I expect to be in the money come Thursday) today. Hence come April 17 both of us will reflect to our today's actions, and will humbly acknowledge should YHOO runs up. YHOO won't go down until some bad news comes out directly from the company. It did go down today. Was there bad news issued by the company? BTW look forward to read your article on Microsoft Investor. Best wishes.

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