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 Wexler who wrote (11460)	6/28/1998 1:32:00 AM
From: Tim Bagwell	Read Replies (2) of 27307

Bill, I appreciate the comments. But the problem with your argument is that if it's wrong to short YHOO then it must be right to go long. This may be the case but it's also the crowd mentality and at some point this stock will backtrack. It's only a matter of time. One thing I've learned from my tuition is that most of my hunches have not been that far off but I've lost money by not being patient enough. Too many loses have come from giving way to panic. One of my biggest loses came from shorting a stock (not YHOO) and then bailing out too soon when it shot up. However, in hindsight, had I waited I would have found multiple opportunities to cover at a much more favorable price over the following year. So the name of the game is patience. Of course, your hunches have to be good ones too -- especially when you're short in a bull market. I'm skeptical that Wall Street can predict the future high flyers of the Internet. Their high valuation of YHOO is completely due to rank speculation which will fail someday. In the final analysis, valuation is all that matters.

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