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To: damniseedemons who wrote (2407)11/4/1997 10:41:00 PM
From: Peter Goss  Read Replies (1) | Respond to of 27307
 
Sal,

Your response

< I'll hold YHOO indefinitely--until something fundamentally changes for the company (I'm not above short term trading, however, but I'll keep it overall). So depending on the news, I may sell next week or next century :)>

really doesn't answer my question - or I guess it does since you have no sell discipline. What has to change fundamentally for you to sell? You have no target price? Doesn't that leave you waiting to panic out when reality returns? What is your basis of analysis - just playing out the momentum? Hope it works for you.

Peter



To: damniseedemons who wrote (2407)11/4/1997 11:09:00 PM
From: Jim Patterson  Read Replies (1) | Respond to of 27307
 
>I'll hold YHOO indefinitely--until something fundamentally changes >for the company

I would just like to point out that at OXHP Something fundamentaly changed. A lot of people had loads of time to get out of that one.
Especialy after it droped 65%.

Jim



To: damniseedemons who wrote (2407)11/4/1997 11:36:00 PM
From: Brent D. Beal  Read Replies (2) | Respond to of 27307
 
***Peter, I'll hold YHOO indefinitely--until something fundamentally changes for the company (I'm not above short term trading, however, but I'll keep it overall). So depending on the news, I may sell next week or next century :)

I was going through some old Iomega posts on the Fool the other day and this quote is almost verbatim what a number of Iomegans were saying about the company's fundamentals when the stock was in the 40s--you know, how the Zip was going to take over the world and the company's fundamentals were solid and until something changed, price be damned, they weren't going to sell. I'm long IOM and I think it's a great company, but those guys are still under water. In six months or so when IOM finally climbs back up to its lofty heights of days gone by, after about 2 years in the crapper, I'm sure they'll be saying they've been vindicated. In my opinion, the guys that sold at $50 and then bought back in 3 months later at $15 are the smart ones. . .