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

To: Danny who wrote (23317)	7/28/1999 7:31:00 PM
From: Paul Viapiano	Respond to of 27307

Man what a bunch of hedgers! ;) Oh, Danny, BTW... <<<Of course, buying pus is no doubt a great hedging tatics although that is not what I am debating here.>>> Where is pus traded? CBOE? ;) Paul

To: Danny who wrote (23317)	7/28/1999 11:47:00 PM
From: Sabrejet	Respond to of 27307

Danny, I guess my angle is, YHOO has built into it quite a lofty expectation. Now I know PE ratios are not the norm but as you can see, after the most recent rash of earnings and annoucements, ie. MSPG today, these stocks are approaching a barrier that will demand "some" present accountability. Can YHOO grow into it's current PE? Possibly! But that takes into account an awful lot of variables remaining "constant". Take a look at computer sales. If Internet access becomes a "free" service why would anyone commit to 3 years just to save $400? In 3 years all access may be free! Who knows! It's just at the present price, there is a major assumption this company will figure it all out and in a huge way! It's worth the chance to me to short this. The environment has changed. I remember Iomega and how everyone needed a zip etc... We know rev's will be derived from advertisement etc... but remember as long as someone is making a buck on something "so unique", the competition will escalate and margins will fall. Sabre!