Altaba Inc. (formerly Yahoo) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dell-icious who wrote (14337)	10/6/1998 5:51:00 PM
From: Chuck Molinary	Read Replies (2) of 27307

Deli, <<P/E ratios are pretty meaningless when a company just starts making profits, as the numbers are too small to yield useful ratios.>> Does your machine have a ZIP drive? There was a time a few years back when every PC sold was going to have one. Iomega was going straight to the moon. Earnings were small but the growth rate was phenomenal. The PE roared close to 1000. The stock split over and over. To make a long (but pertinent) story short, IOM now trades at probably 5% of its all time high (no I didn't check, i'm estimating). I'll be happily cashing in my tulips tomorrow before tulips become a dime a dozen. Once I'm out of my long calls, I'm going short. It's been a fun ride on the HOO train but the time has come to pay the piper. I would guess that any result close to the whisper number will cause a pullback. Even at the whisper number, I would expect a whitewash. Below that number, bloodbath. If they report 20 cents or up, sure it might be good for a rise. However, I don't think they will; a number that high would have called for an early warning from the CFO. I could be dead wrong, I have been in the past and will be in the future. But I will be placing money on my statements above... Chuck

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next