SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RagnBull who wrote (10306)4/18/1998 3:25:00 PM
From: Bill Harmond  Read Replies (2) of 27307
 
I certainly hope this doesn't embolden folks to go out and try shorting for the first time in their careers.

If you take a shot at shorting, I think the last one to ultimately choose is Yahoo. I think it will be the strongest during market advances, and the most resilient from declines. Yahoo (together with AOL) has the most robust fundamentals, the widest analyst coverage, and undoubtedly the broadest institutional ownership.

Among the pure-play Internet stocks, I'm long (and plan to stay long) Yahoo, DoubleClick, @Home, America Online, and VeriSign. I think they all make lousey shorts.

Also...take Michael Murphy with a grain of salt. In my experience he's erred with tech stocks on the side of caution too often. Everyone wants to say they called a major turn in the market. It sells newsletters.

More likely than not this will just add to the wall of worry these stocks need to advance. Institutions are under-invested in the quality names.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext