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


To: 10K a day who wrote (26056)11/22/2000 10:19:20 AM
From: Estimated Prophet  Read Replies (1) | Respond to of 27307
 
I gotta get more cash. I'm gonna double and triple down on this puppy in the next few days. What an incredible buying opportunity. I couldn't agree with you more. Thought for 2 1/2 years I would never see this opportunity.



To: 10K a day who wrote (26056)11/23/2000 2:44:20 AM
From: jcky  Respond to of 27307
 
impristine,

I've never challenged Yahoo's ability to survive in the dot com world. It's my humble opinion Yahoo! remains an expensive equity despite the recent spanking (fair value for Yahoo! is probably around $30).

There's also another common misconception about Yahoo: it's a blue chip company. You can thank the Henry Blodgets and Mary Meekers of the world for giving investors a false sense of security. Investors who held Yahoo! from over $100 all the way down to its current level are just fools. There can be no other explanation, except for the usual: denial, stupidity, ignorance, greed.

And for the record, I don't believe it's a good idea for your 72 year old father to invest a significant portion of his retirement portfolio into a "falling knife" like Yahoo! or the QQQ. Capital preservation should be your father's first priority. The first thing I'd do is to fire your father's broker.

Regards,