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: HG who wrote (17330)	1/10/1999 2:12:00 PM
From: J. P.	Read Replies (1) of 27307

I agree with you. Who is right? The one who sat on the sideline and sniped and created negative chemical reaction in their body, the one who shorted the stock, or the one who bought long and stayed that way? I don't think any of the above were technically "right", only the ones who were long had lots of money to spend while they contemplated this matter. And even if the stock retraces, can the low float really facilite a 300 point drop? I could see a 100, or a 200 point but at some point a few buyers would support the price. Just like is Microsoft a good buy at 73 PE, Cisco at PE 110?, or should you just buy U.S. Steel at PE of 6? It all depends on when you buy and when you sell, and what your time horizon is. Cisco was at a PE of 110 about 6 splits ago, if you held you are rich today. Some of these people here are self styled "savants" who have shorted and gotten their ears pinned back, but good. I cast a very wary eye at these cranio-anal experts on SI, as they won't help you make a single penny.

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