SI
SI
discoversearch

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 19.630.0%Nov 6 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: HG who wrote (15421)11/23/1998 4:14:00 PM
From: Webfoot  Read Replies (2) of 27307
 
Anyone been in this long is ready for a Merry Holiday season, but is the stock really in demand or is the 20% (7-8 million shares) which is not held by institutions just being churned and churned by day traders that, like the crabs, move in Lemming mode.

In the entire history of free markets, this kind of feeding frenzy has caused great pains at the end.

I don't think the "bearish" posts are down on this media company as a good thing, but they (I among them) are posting questions about numbers that defy anyone's definition of common sense, and we are posting in attempts to time when to leave the party before the big block traders hit the sell button to shore up their 1998 year end performance numbers (or for any number of other reasons --- they get measured on real profits, not just paper profits.)

Does anyone really think that e-commerce this season is going to rocket Yahoo's earnings? They say they have 2700 vendors in their new store. Each vendor pays up to $300/month to be there. At 2700 times $900, that's $2.43 million. WOW - THAT justifies another few billion in market cap!

So there are those of us that see this "demand" as artificial. It is very real, and there is money to be made for sure, but it is not based on any reality known to man, and will at some point, collapse of its own weight. I thought the purpose of these boards is to help each other be ready to get out before we end up purchasing someone else's Mercedes.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News