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: tonyt who wrote (17008)	1/5/1999 6:01:00 PM
From: Smart Investor	Read Replies (3) of 27307

A correction in internet stocks is long overdue. I think people who wants to get rich again by buying internet stocks in 1999 will be disappointed. I can see the rotation to semi. stocks by institutional investors for the last two days, and this will continue. Small investors are still hanging on and buying internet stocks while the institutional investors are getting out gradually. Even at $150-$175, YHOO will still be overvalued. People will not buy the viewer growth stuff anymore, they will demand earning from now on. When you look at earning, all those companies are pathetic. As a media company, YHOO's P/E is astronomical!

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