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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: Glenn D. Rudolph who wrote (16918)1/4/1999 4:04:00 AM
From: sakura  Read Replies (1) of 27307
 
AOL's recent jump seems to you irrational. With more than 70% of outstanding share of institutional investors at current price 155,
20% swing would be at most a huge swing. But scariest thing to sell AOL is that everybody who perceive their sales growth from 1998, 2400 Mil to
1999, almost 4000 Mil with profit margin at least 20%, give them 800 Net Income, which will be from Current P/E 650 to 65 at assuming no price change. Since such growth Co. P/E will be at least 150, means from now on more than 120% return. This is the reason I can't short AOL no matter how high it goes. If this goes 210, maybe in the short term.

Anyway, almost everybody know AOL will double every few years.
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