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Strategies & Market Trends : Yahoo and other bubbles...when will they burst?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: rakitup who wrote (20)2/1/1999 7:03:00 PM
From: Dave Mansfield  Read Replies (2) of 139
 
Don, you must be long this stock. The logic you use matches that of other longs I've heard from. Let me explain how 50% of all drivers are better than average. take 100 drivers and rank them in skill level from 1 to 100. The 50th driver is an average driver because there are the same number of drivers better than him as there are worse then him. If each received a score equal to their ranking, the average score would be 50, the average driver. Hence the average driver is 50 and anybody above that (50%) would be better than average. In every measurable endeavor, 50% of anything is better than average and 50% of anything is worse than average. The fact that the average Yahoo investor cannot fathom this simple principal gives me a greater understanding of why it is valued where it is.

Dave
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