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


To: Bill Harmond who wrote (4002)12/9/1997 6:13:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 27307
 
<<Yahoo has the top-rated news site...Yahoo Finance.>>

That's because stock-obsessed internet junkies (yours truly included) keep using it for stock quotes. To me, this is just another symptom of a stock market mania and portends bad things in the future. I remeber when people used to regard the business section and stock quotes tables of newspapers as boring and would throw it away. Nowaday's everyone is reading Barron's and IBD and checking their quote machines every five minutes.

I stand by my original analysis of Yahoo. It is a good small company which may have a bright future whose stock has been grossly overinflated on hype, momentum and short-squeezing. I also stand by my prediction that it will trade significantly lower in the near future...even below the $1 billion market cap level where I originally considered it a good short.