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To: dclapp who wrote (90783)	1/12/2000 1:26:00 AM
From: Randy Ellingson	Respond to of 164684

Taking the money is smart. End of story. That's easy for you to say, but you can't see the future man! ;-) I own Yahoo for the long term, and I could care less where the market takes it along the way. The company has power (even you know that), and while incredible financial success is certainly not a given, they're better poised than any other "overvalued" Internet company to reap huge profits. Proves nothing of course, but so far "taking the money" has been the wrong move for the long term investor. The trader (not implying that's you) has no trouble justifying any move that takes profits. I still haven't seen Yahoo trying to exercise huge splits. Here you go: "Splits: 2-Sep-97 [3:2], 3-Aug-98 [2:1], 8-Feb-99 [2:1]" Any idiot can buy and rationalize holding, as you have. Very funny. OK, so what's Yahoo's "true valuation"? And why exactly would you have a long term holder sell today? Because of the PE? I could care less about the PE of YHOO today. I'll probably care alot more about that in twenty years though. Randy