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Strategies & Market Trends : Roger's 1998 Short Picks
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To: larry who wrote (11130)7/8/1998 1:02:00 AM
From: James Yu  Read Replies (1) of 18691
 
Larry,

Thank your for your reply.

What I mean is that when the internet hype cools down,i.e.
investors become more reality, the stock prices need some
fundamental to support, or it will go down eventually.

For now, YHOO has a higher PRICE/SALE(1999)ratio (NOT EARNING)
than the normal P/E for the traditional valued stocks. If they
can triple their market cap, how many times revenue should they
have to support their price? not to mention the PROFIT?

I still don't believe this craziness can last long...

Thanks.

--James
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