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Strategies & Market Trends : Roger's 1998 Short Picks
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To: put2rich who wrote (14490)10/8/1998 1:11:00 PM
From: Doug Fir  Read Replies (2) of 18691
 
RE: YHOO

Thanh, I hate to apply logic to internets, but looks like I was right for a change. I just belive anyone who wanted a position in YHOO is already maxed out, including mutual funds. Many may hold long term, but I don't see anyone initiating or adding to a position at this time. I felt that meeting the whisper number was the bare minimum needed to prevent a collapse, and avoid people taking a good hard look at the P/e ratio. In addition, if the economy turns down, lower demand for "experimental" advertising on the 'net will put pressure on ad rates. I agree that YHOO and the 'net are the future, but so are cities on Mars. :) The question is how much money is in it and when.
Like the saying goes..."The future ain't what it used to be!"

Doug B. Fir
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