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 (10210)	4/17/1998 8:17:00 PM
From: Mike M	Read Replies (3) of 27307

William- <<What are the laws of physics that apply here? I agree with you about psychology, but forecasting Yahoo's price based on sentiment seems pretty unreliable.>> If you really bought 500 shares today, you are a courageous man....The jury is still out on whether it was smart.... You may have a good point...Perhaps sentiment is not a reliable basis for stock pricing...Nor, does it seem, that earnings projections are....since, so often they are wrong...or they are met but Wall Street was really looking for the "whisper number"...or, well, you get my drift. The law of physics was really a play on what goes up must come down...I think it will apply to Yahoo! I have seen an lot of rationalizing about why a company should be priced this way or that in my 30 years of investing...Almost never was there a good one for paying 70 times sales....Certainly MSFT never was priced that high.... YHOO has little margin for error....They have done a great job so far... to count on their continuing this levitation act may be asking a lot from mere mortals.... Some of YHOO's earnings were as a result of investments...this could be one area in which there is a let down.... I really make no predictions on the what or even the when...will bring this stock down but I am relatively certain that something will....70 times sales may well be unprecedented and too much stock price too soon is a shame for such a great "little company".....Once the momentum play is over the memories will be long! Good luck! Mike

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