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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: tonyt who wrote (18386)1/19/1999 12:22:00 AM
From: Howard Hoffman  Read Replies (2) of 27307
 
I don't know for sure if YHOO has topped or not. I will be the first to admit that I have been wrong before. I do know that the more you stretch a spring, the more it will snap back eventually. There is no reasonable measure of value that could justify the prices of most of the Internet stocks. YHOO may be a great company, but it does have competition. Everyone thinking they have found the "next MSFT" is highly dillusional. With the way that I am playing YHOO, a run-up to 1000 would be fine with me. So would 2000. The more overvalued, the greater the eventual crash.

I look at probabilities here. The more people there are on this and other internet boards posting the sureness of YHOO going to 500, AMZN to split 5:1 in the next 6 months, etc., the more likely that this whole sector is ready for a correction, and probably a brutal one.
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