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

To: ALTERN8 who wrote (23108)	7/19/1999 4:28:00 PM
From: Andrew Danielson	Read Replies (1) \| Respond to of 27307

Well, they didn't shake me off. Today, I made my first foray into internet pure-plays with a small purchase in YHOO at 148. With the stock consolidating for six months and nearing its 200-day moving average (which, as far as I can tell, the stock has never violated for any extended period of time), I believe now is a good time to buy. I notice in reading endless message board posts and articles on Raging Bull, TheStreet, etc., that everyone (professionals and individuals combined) seems to be expecting a summer-lull buying opportunity as August approaches--and they're preparing for it by keeping cash on hand for the impending "bargains" that will be coming their way. Well, it's been my experience in investing that when everyone anticipates a near-term market direction, it never materializes. When everyone sitting there with cash on hand realizes that the August sell-off doesn't happen, we may see a surge instead as those left standing at the dock don't want to miss the boat. Good luck, Andrew Danielson P.S.--I find it funny when short-sellers and other skeptics bash a company like Yahoo on the basis of valuation. Over an extended period of time, say five years, growth is what ultimately matters in affecting a stock price. Yahoo's PEG sits at just under 7.0 right now, and I have no doubt that it will deflate slowly as time goes on down to reasonable levels. But their unbelievable growth rate of 50%+ more than make up for this deflationary effect. If Yahoo grows at 55% over the next five years and the PEG deflates all the way down to 2.5, YHOO stock still returns 270% in profit over that time period. That works out to a annualized return of 30% on your money. Not too bad.