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

To: fut_trade who wrote (3301)	11/29/1997 9:05:00 PM
From: Rational	Read Replies (1) \| Respond to of 27307

Peter: YHOO has not crashed because of the well-known herd mentality among institutional shareholders. It has very little to do with internet being big or any other fundamentals, given that there is little being earned or expected to be earned from internet business. As soon as profits loom in the horizon from such business, many aggressive competitors (who do not want to waste resources now) will emerge. I thus see that staying long on YHOO is a big gamble. The net short interest is increasing and will (IMHO) continue to do so as long as the herd mentality of the institutions continues. Once one sheep jumps off the herd on some pretext, the price will crash. While I wish all longs a good run up, IMHO patient shorts will be heavily rewarded. Sankar