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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: David A. Stern who wrote (13965)9/24/1998 10:31:00 PM
From: Dwight E. Karlsen  Read Replies (1) of 27307
 
At the high water mark in YHOO trading today, the market valued Yahoo Corp. at 11.6 Billion dollars. AMR Corp, parent of American Airlines, the largest airline based in the USA and a worldwide passenger and freight carrier, was valued yesterday at $12 billion.

YHOO's corporate street address includes the words "2nd Floor".

Something is amiss here, ppl. To top that off, YHOO had a P/S ratio of a mind-numbing 88 at the close yesterday. AMR Corp. P/S ratio yesterday was .59. That's point 59, not 59, of course.

Now I know these are extreme examples, but still: This valuation is not going to stand the test of time.

I speared a YHOO 120 put today with an Oct expiry, with an $8 limit order. Already up over 50%.
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