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To: William Minich who wrote (3175)11/23/1997 11:00:00 PM
From: Peter Goss  Read Replies (1) | Respond to of 27307
 
Nothing justifies the market cap - but with all good bubbles, you need an external factor to make it burst. That is happening now.

Peter



To: William Minich who wrote (3175)11/24/1997 8:30:00 AM
From: Rational  Read Replies (2) | Respond to of 27307
 
If a company like Softbank keeps pumping hilium into YHOO, there is no reason for the stock price to not go up to the sky. If Softbank buys YHOO shares at higher prices, Softbank's profits go up. But, of late, Softbank's price has fallen below its IPO price because its investors cannot be fooled any longer. Thus, the energy to pump hilium to the YHOO balloon will stop and the price will fall to where it belongs: ~IPO price.

Sankar