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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 (10344)4/19/1998 6:40:00 PM
From: Michael Collings  Read Replies (2) of 27307
 
William:

I'd be a little careful calling people cementheads at this price level of this stock... you lose credibility. Just because you were right that the stock would go higher than 60 (even if just temporarily) resorting to name calling is a little below the belt, don't you think? Is this name you seem so fond of using, for anyone that disagrees with you? Or someone who does not have your clear vision?

You may be absolutely right that this company is the second coming, but any rational person would have to blink twice before they could share the golden promise that the bulls have given this stock with a value of over 5 billion. Hence the large numbers of analysts that are shaking there heads at this price.

It is obvious that you do not believe there will be any shortfalls in the future and that they will sail through this growth phase without a hitch, unlike any other growth company in history.

I do not share your disdain of Microsoft. They have a long history unlike Yahoo. I have no doubt they will give Yahoo a run for the money and I don't doubt who will win that race. You are betting on Yahoo, good for you. But like it or not Microsoft is coming soon and the competition is going to heat up. It's going to at least cause some battle scars and at the price Yahoo is at now, no one is factoring in the race. That will happen going forward, if not this month then the next or the month after that.

I must say that buying a stock so that it "sensitizes" you to its price is one of the more bizarre reasons I've heard of to make an investment.
And you call other people "cement heads"?
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