Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: trouthead who wrote (16961)	1/4/1999 4:42:00 PM
From: Smart Investor	Read Replies (1) of 27307

I think the reason is that many small investors are still buying YHOO after they heard instant RICH stories over the holidays. The professionals are definitely selling as shown in AOL. Since the institutional ownership of YHOO is low, therefore the impact is smaller. However, when people realize stocks like YHOO and AMZN will not make them rich in 1999, they will unload and try to find other stocks. The same will be true for some mutual fund managers. At the current valuation, it will be impossible for YHOO or AMZN to go up the way they did in 1998. Some people are still hanging on their share with the hope of a blow-out earning this quarter, such as 0.25-0.27/share. I think those people will be disappointed. I believe that YHOO will trade below 200 in 3-4 weeks, then down to 150 or less in march or April time frame.

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