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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: Slumdog who wrote (15969)12/9/1998 12:40:00 PM
From: trouthead  Read Replies (2) of 27307
 
ecommerce will be affected by an economic downturn just like every other business sector. But that is a short term blip. I was speaking in the long term. In the long term these companies will do fine. They will go down, but they will also go up.

As for Smart Investors worries about the bubble? Well I think we are in a new age of investing. It is really the same as the old one, only more exaggerated. Several factors play into this. More people are investing their money. They are investing for their future livelyhood, their retirement. A very emotional issue. They also have a more immediate access to their investments and can react, or over react to the news of the minute. These two factors will cause the market to swing more wildly. Exuberance to The Sky is Falling in a matter of days.

People are also becoming more and more savvy about valuation. As stocks drop, they become irresistably priced and buying will kick in and stop major slides. I remember when recently DELL hit 40 and CSCO hit 41. I was drooling, but I had no cash to invest. Many did and buying was fast and furious and these stocks rose.

I believe a downturn will ocurr, but an outright crash? No. Too many savvy eyeballs are watching their futures for this to ocurr. The world is not coming to an end.

Sorry for rambling.

Thanks,
jb
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