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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST
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To: bob yahnke who wrote (11335)6/26/1998 12:07:00 PM
From: Don Earl  Read Replies (1) of 14577
 
Hi Bob,

YHOO is probably the biggest short squeeze in the history of the NASDAQ. The idea that a company that has been public for two years, has lost more money than they have made during that time, has a book value of around two bucks, and is trading for over $150, is absurd. Anyone with half a brain can look at the fundamentals and say the stock "might" be worth $20 on a good day under unusual conditions. However, when you take out what's owned by institutions and insiders there isn't enough stock floating around to cover all the shares that are being sold short.

Personally, I sleep much better owning stock that could be liquidated for more than I paid for it, than I would owning a stock that is trading at 75 times book. It's your money and you can do whatever you want with it. Unfortunately, the rules of etiquette governing postings on SI inhibit me from expressing my full opinion of the intellectual capacity of those that are long YHOO.

Regards,

Don
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