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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Dryer who wrote (23011)	7/15/1999 6:35:00 PM
From: Danny	Read Replies (2) \| Respond to of 27307

Jeff, every word you said regarding valuation is absolutely correct based on the traditional valuation model. But that is not how WS behaves right now. Internet revolution is changing everything. Will traditional valuation model come back to life? Possibly yes and possibly no. Nobody knows that. But to use a short term price fluctuation on AOL and call it a return to valuation may make one regret for life. AOL is just as overvalued as it was last July. People who sold AOL before the Oct correction may have had a brife 2-3 months congrat to themselves, but are most likely regret that decision today after watching AOL going up another 200%. The stories you heard last Oct affected mostly short term traders. For any long time investors, Oct of 1998 has been the BEST investment time in last 5 years. You can even blindly pick up any stock then and enjoy a 100% return at least by now. All I am saying is that before we see a clear sign that internet growth is slowing down and people are getting out of the sector, just ride out the volatility and look into the future.