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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (15331)	12/30/1997 7:27:00 PM
From: W. Clinton Terry	Read Replies (1) \| Respond to of 27012

John: Well, we are inagreement then and we will see, won't we. In the meantime I am pretty much sitting out this rally. I am however thinking about shorting Yahoo. Here is an excerpt from another thread and I would be interested in your reaction to it. YHOO is a total farce, trading at over 60 times sales. (C$CO is trading at 8 times sales if you were wondering). YHOO had about $49 million in sales for the trailing 12 months. Their market cap went up almost 3 times that just yesterday alone! YHOO is trading at nearly 800 times estimated earnings. 575 times annualized earnings. If YHOO tripled their earnings for the next 2 years they would still carry a PE over 60 and that's assuming shares outstanding don't increase and their stock price doesn't rise! There is no incentive for anyone to sell now because it's making new highs and there is a short squeeze. Nobody wants to pay capital gains on this stock for '97. They would rather wait a few days so they can push it out until '98 taxes. Also, shorts who have been killed on this one are buying in to get a capital loss. After Jan 1 this effect won't be on YHOO's side anymore. Makes some sense to me. Clinton