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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: HG who wrote (16601)12/31/1998 9:33:00 AM
From: Dave Mansfield  Read Replies (1) of 27307
 
Interesting observation Happy Girl, but one thing I notice about all of your comments of the stock is that you always talk about price movement of the stock and never talk about underlying fundamentals which will ultimately drive its price. This runs counter to your previous argument that this is not tulips. That is the price continues to go up because people buy it. You mentioned that Yahoo has economic benefit that tulips did not. What are those economic benefits? What type of earnings do you expect over the next several years to justify this $20B+ market cap? Believe me, it will take more than a couple of hundred million to justify it. Just when do you expect them to reach those numbers? Or do you expect the price to rise, just because it will rise. Tulips?

By the way, tulips do provide an economic value. People still buy them today. Just like they buy other decorative items. People back then just assigned an investment value to them which they shouldn't have. The value of tulips went way beyond their intrinsic value the same way Yahoo has gone beyond it's.

When one depends on a price rise due only to the supply and demand for a stock and not the underlying operating fundamentals of a company, they are typically setting themselves up for a big fall. Check out Presstek and Zitel. Same thing there.
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