Don, late last year when YHOO was in the low 50th, I had a very interesting "intellectual argument" on the Mohan thread (with no less an intellect than a Professor of finance at Chicago University), he took the very intellectual position that it is a foregone conclusion that YHOO will fall apart because Soft Bank "must" liquidate its position. Not being of such a high intellectual caliber (after all, I am just a turnip farmer and even dropped out of high school), I took the position that shorting YHOO would be suicidal. One of my "Cyberfriends" was indeed short, but luckily, he listened to my uneducated and intellectually inferior argument and covered his shorts. Others have been ruined by sticking to their extremely high "Intellectual capacity" and stayed with their short position until forced by their brokers to close these positions.
This story is brought here just to make a point, I cannot understand why so many posters when disagreeing with counterparts, cannot yield to the temptation of implying, or actually determining that one or the other has "greater intellectual capacity". I am not recommending that one buys or sells YHOO here, and indeed based on normal yardsticks, it it appears overvalued, yet a lot of "intellectually inferior" people are laughing all the way to the bank despite their presumed idiocy.
Good luck to all.
Zeev |
