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

To: blankmind who wrote (23576)	8/7/1999 1:11:00 AM
From: -	Read Replies (4) \| Respond to of 27307

re: the longer-term prospects for YHOO. Blankmind, oh I agree with you about that. YHOO is one of the best, if not the best pure-play internet stock on this planet. EBAY can't even keep their own crucial webserver farm online (while competitors race to deliver a knockout blow), and has much less of a sustainable competitive barrier, AOL [which only recently "reinvented" themselves as an internet company] has investor's who chicken out and run for the hills every time Bill Gates slams his fist or AT&T threatens them with a cable-based alternative, and AMZN.bomb (a great trading stock) is run by a relatively unknown/untested guy who doesn't seem to have a plan he can articulate to make money for his Company (and the street doesn't like his conference calls as a result). So, YHOO is THE definitive internet stock to own. From an investment perspective (not a trading perspective), if you believe in the internet, then you should own YHOO. At the right price, in the right market conditions of course. The P/E is a little out of control, and it is the subject of such manipulation, is the problem for me. There are better investments out their right now - JNPR comes to mind! - but the nice thing about making gads of money in this one, is it will prove those oh-so-vehement internet Bears SO wrong over time -- they really don't "get" the internet, which is transforming every business you can think of, and a lot of other things as well (like the way we live and work). No disputing that. YHOO is very central to that phenomena, so I think they'll continue to appreciate, on a longer-time frame -- once Wall Street and all these Bond-driven types get their usual summer shenanigans out of the way. Let them do their "fear" thing first, then these stocks will roar back - with us holding them! ;) I am sure the YHOO Bears will have a field day disputing this opinion, and I respect their opinion on that. I would readily admit that I do not feel strongly enough about this stock to actually buy it with hard-earned investing money! But of course that's true for most stocks - I only enjoy trading most of them. Trading just ruins you as an investor; I only invest in the IRA's, and even there I swing-trade to boost returns. At the right price, I'll pick up some YHOO there when it's really battered and undergoing a climatic panic selloff! -Steve