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

To: Bill Harmond who wrote (3601)	12/4/1997 6:08:00 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 27307

<This is one of the strongest stocks there is.> I tend to disagree. A strong stock is a stock that has strong institutional support, good fundamentals, and one whose upside potential is greater than it's downside risk. Look at quote.com. At these levels it's always small buyers. Many mutual funds own the stock for long term purposes, but few if any are adding at these levels. (Just an opinion). When the oil drillers turned around you saw huge blocks being traded. Good fundamentals...while I agree Yahoo could have good sales and earnings growth it seems fully if not overvalued based on next years earnings estimates. I think the current value should be closer to 25-30 with an end of year target of 35-45 (these are still generous valuations). Upside vs. downside risk. I would tend to believe any negative news (directly related to yahoo) would have a much bigger effect than any positive news at these levels... such as growth rates will decrease over the next few years. So what is keeping yahoo up? Individual investors and momemtum. From a TA standpoint I agree it's looking strong, but a lot can happen. Jim

To: Bill Harmond who wrote (3601)	12/4/1997 6:08:00 PM
From: Mama Bear	Read Replies (3) \| Respond to of 27307

Apparently we see this stock from our respective points of view and only time will prove which is correct. The volume isn't there to support this price, When it hit 55 today it didn't take long to reverse. I think the ask was at 55 for about 3 seconds. I always feel sorry for whoever bought at that price, in that situation. I think all good news is discounted through 2002. I think there is no room for Yahoo! to make a mistake. I think there is no room in Yahoo!'s market cap for a market decline. Of course you have to agree with this, as we've seen firsthand what Yahoo! shareholders do when Mr. Market gets cranky. I didn't make any money today because I didn't cover this morning and resell at 55. Or better, cover, go long and then short. I'm still waiting for PCQuote to get my exchange forms and to start the data flowing on Level II. Perhaps tomorrow, we shall see. In the end I hope we both make money on this thing. That is possible, and I think the best of both worlds. I know you have a nice cushion on your long position, probably similar to mine on my short. I just don't see the volume confirming the move up. I know I have this habit of thinking a stock will never go somewhere again. When it was in the 40s I thought it would never see the 50s again. Now that it's in the 50s I sometimes think the 40s (30s) are a memory. I know better. FWIW Barb