The Smart Investor and the Fool on the Hill
(italicized excerpts copyright EMI Records, unitalicized portions posted by Smart Investor on dates indicated)
Day after day, alone on a hill
The man with the foolish grin is keeping perfectly still
But nobody wants to know him
They can see that he's just a fool
this message from Smart Investor on Dec 30 1998 1:37PM EST
Hi folks,
Today's selling is just a warm-up. Look for more fire work this afternoon and tomorrow. Nobody wants to have a long position going to Jan. 4!
Well on the way, head in a cloud
The man of a thousand voices talking perfectly loud
But nobody ever hears him, or the sound he appears to make
And he never seems to notice, the fool on the hill
Monday, Nov 9 1998 2:25PM ET
EPS growth of only 50% for YHOO does not even justify 1/3 its current stock price !
And nobody seems to like him
They can tell what he wants to do
Wednesday, Nov 25 1998 11:17AM ET
I am repeatedly pointing out absurdity of YHOO's valuation just like you longs repeating the so called potential of YHOO. Therefore, I think we are even. Seriously, even AMZN is probably a better buy than YHOO at the current price. At least, AMZN has a revenue of 153 million last quarter which is 3 TIMES that of YHOO (only 50 million). AMZN at least has a very defined business model, selling books and music,.....
What is YHOO ? It is definitely just a story stock. Selling ads ? Come on!
Tuesday, Nov 24 1998 8:01PM ET
Reply # of 17088
It was overvalued at $100, and insanely overvalued at $200. People thought PressTek was a good buy when it was traded at $200 with nonsense like revolutionizing the printing technologies, blah, blah,...
Is that any different than the current YHOO mania with nonsense like revolutionizing how people buying stuff ? It was a bunch of crap then with PressTek, and it is a bunch of crap now with YHOO. People do not change their buying habit very easily. Shopping is kind of like going to the baseball game, it is a favorite pastime for many people. Why people just watch the baseball game at home on big screen TV ? The experience is completely different. The other argument is ads through the Net. For God sake, we have enough advertising on TV, newspaper, and just about everywhere, who the hell want to watch a bunch of ads on one's computer screen ?
He never listens to them, he knows that they're the fool
They don't like him, the fool on the hill
Sees the sun going down and the eyes in his head
See the world spinning round
Monday, Nov 2 1998 6:35PM ET
Reply # of 17088
YHOO is the most absurd stock at this time. What the big deal listing
job openings on the web ? People have been doing that for a couple of years already. It is just a bubble, and will burst in a couple of days or weeks. I predict that it will go below 100 by January 1999.
________________
Smart Investor, I looked at the calendar today, and it said January 1999. Then I looked at YHOO, for a moment a dollar short of $300. For the record, since this might appear mean-spirited, I have been agreeing with you every step along the way. That makes me a fool, too, I'm afraid. Today I have decided that I can't agree any longer.
Best of luck to you.
MAD DOG |
