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: Randy Ellingson who wrote (19838)	2/9/1999 2:58:00 PM
From: Howard Hoffman	Read Replies (1) of 27307

<<"There are more naive investors in the Internet stocks with more $ than ever before in any sector in history." What makes you think this?>> 1. The Internet has made it possible for anyone to purchase stocks quickly, with ease, as never before. There is no precedent. So, many of these people are buying Internet stocks without regard to fundamentals. MANIA 2. Name one other company in all of history to match EBAY for example. IPO at 18 and 4 months later it is at 300 with a market cap of $11 B. THIS HAS NEVER HAPPENED BEFORE. At least not to my knowledge. Please name your closest comparable stock, including market cap. Most stocks that go from 18 to 300 end up in stories on Page 1 of the WSJ. It's usually a story about fraud. No, I don't accuse anyone at EBAY of fraud, it is merely symptomatic of the mania. YHOO is the leader of the mania. You know, in Real Estate, they base price on comparables. Real estate is real. These e-stocks are unreal.

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