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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: Dave Mansfield who wrote (17351)1/10/1999 10:36:00 PM
From: abraves  Read Replies (2) of 27307
 
Dave, when the end finally does come (whenever that may be), where do you think all the money is going to go?

IMHO, I bet it goes right back into overvalued high PE large cap stocks like DELL, MSFT CSCO, LU, etc... The MM's used to warn me that overvalued stocks were the first to get nailed in a correction. But in October that did not happen, they were the last to get nailed and the first to return to glory (from what I remember).

I think that when the end comes, it's either going to tank the market like in October, or the overvalued large cap stocks are going to catch all that internet money. I only own overvalued/high PE tech stocks. I will say my other stocks are not as overvalued as my YHOO and AOL but that's because the Net stocks re-defined overvalued.

So where do you think the money will go?
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