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

To: fut_trade who wrote (2161)	10/25/1997 12:36:00 PM
From: pmarz	Respond to of 27307

No yhoo is not a semi, its just one of the most overvalued stocks in the market. The reason for Yhoo's high valuation is bull market factors , here are a few. 1. yhoo is a terrific company.(even shorts should agree) 2. small float 3. large short interest 4. orchestrated short squeezes by market makers 5. momentum players feed on these squeezes like hyhenas 6. small investor's blind euphoria. There will be a time when the psychology of the market will finally change, even a small bear market will be a rude awakening to those who dont believe they exist. The stocks with largest short positions will actually fall the hardest. This weeks action was disturbing. Before you know it, stocks like yahoo, lycos and excite could recieve the same relative valuations of stocks like intel. Now that would be bad news for the longs.