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

To: Rational who wrote (5299)	12/30/1997 8:58:00 PM
From: Rational	Read Replies (1) \| Respond to of 27307

The easy profit (thus far) from short-term trading in Yahoo! may have tempted enough short-term traders to keep extending their holding period; this appears to be a reason for why the price has been going up; it is a self-fulfilling prophecy in standard economics of a price bubble. The average holding time will decline when the short-term traders find it expedient (due to risk) to contract their holding period (at a high price for YHOO); then the price will begin to fall and may even crash as soon as a stampede to exit develops. Historically, every price bubble has burst and, before bursting, every holder has remained convinced that the buble is not a buble! Sankar