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 (9768)	4/11/1998 10:26:00 PM
From: Mike M	Read Replies (2) of 27307

<<Yahoo!s current market value of $5B. Mmm, what's the value of leadership in the fastest growing medium in the history of the planet? Yes, we live in special times. >> How else could this or any other stock get to these unbelievable valuations unless people thought this way....It is no different than the logic used for tulips 350 years ago, or RCA 70 years ago or NSCP or PRST 2 years ago. If the world was stupid enough, no one else would compete with YHOOand 5 or 10 years from now the company might be intrinsically worth a couple billion.... We have a great big balloon filled with helium and sooner or later someone will stick a pin into this puppy and the jig is going to be up...When the momentum starts down, the love affair will die and those who have sworn a lifetime commitment to this stock will watch helplessly (many on the sidelines) as the valuation vaporizes. Most will wonder how they could have ever been silly enough to bid this company up.... Only on Wall Street can we relive this event over and over again. The names change, but not the story.... This time is no different....really it isn't! $5 Billion valuation for a $30M revenue quarter and a great story....Wow! what a racket. Mike PS - no sour grapes here....I have been short the stock twice and made money both times....Though not short now, I will be again, soon....And no, I won't relish the blood in the streets....

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