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: Smart Investor who wrote (11718)	7/6/1998 3:36:00 PM
From: Logos	Read Replies (2) of 27307

RE: <<At this time, YHOO smells just like PressTek. I will crash just like PresTek. Hype and promise can only carry you so far.>> Good day all, from a bemused lurker. Here's what I don't get: Who's buying these internet stocks, especially at these prices? I read the threads and everyone is talking about this stock will crash and that one will die and on and on, but obviously a lot of people are buying, and buying bigtime. So who is it? How much institutional buying is there, or has the "odd-lot" crowd taken over? And are these experienced investors out to make a fast buck and get out before they get burned, or newbies who will be left holding the bag when the crash does come? Everyone is calling these stocks "momentum" plays. I think we've gone beyond that and are now in outright "pyramid scheme" land. Eventually, as most people know, these stocks will crash. But for now, I guess it's too tempting for some people to try to snatch some gains before that happens. I'm just trying to decide whether to buy those nose-bleed expensive puts or just go long on the dips. Either way, insomnia will be the most likely outcome. Logos

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