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


To: Fridrik Skulason who wrote (3753)12/6/1997 1:09:00 PM
From: William Minich  Respond to of 27307
 
Yes, sometimes a stock's price defies logic and common sense..In my opinion, Yahoo is one of them.

I still believe that the price will fall dramatically although I covered my short last week for a half point gain. I do plan to short it again but given the events of last week...especially Friday, investor sentiment is pretty overinflated and playing this stock at this moment is very risky. Sometimes you have to forget reality......

Besides, I think there are many investors out there bidding the stock price up that don't really understand what Yahoo does. I heard someone suggest it was a BROWSER last week on this very thread ?

Eventually reality will set in. I'm really suprised that this stock hasn't been downgraded recently, but then again, many of the large firms have been riding this one up for quite a while...Maybe an article by a respected investment source will clear the air..who know ? When it does, I believe this stock will drop like a rock...unfortunately, it's hard to get a handle on when that will be....

I will continue to watch the stock on a daily basis, ready to drop the hammer when I think this tomatoe's ripe...