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

To: Don Westermeyer who wrote (5334)	12/30/1997 9:17:00 PM
From: Ploni	Read Replies (1) \| Respond to of 27307

Don, I think the article said that YHOO is 10X overpriced in comparison to companies that had already established earnings and sales. Thus, there are companies that are losing money that have worse P/E's, and there are start-up companies without sales, that have worse PSR's. But I agree that it's subjective to decide which companies to include in the comparison. I wish my crystal ball was a little clearer on this issue; I have previously been pretty good on coming close to peaks when shorting stocks, but have missed significantly this time. I have some hope that January 2 will bring some relief, and we may see more in mid-January with earnings release and options expiration. I don't know if this issue needs a wooden stake, a silver bullet, a good dose of daylight, or what -- but it needs something.

To: Don Westermeyer who wrote (5334)	12/30/1997 9:30:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 27307

<< I can pick a lot of stocks even more over-priced than YHOO on P/E, P/S or other fundemental basis. >> You can? Do share! I need to diversify my shorts. Of course some companies have no sales or earnings so I'm sure you can find some. What I challenge you to find me is a company trading at 65 times sales with a market cap of $3 billion or more. That's the key. Sure there are little start-ups selling for incredible prices. Didn't Granite have no sales when CSCO purchased them for $200-300 miilion? (I can't remember the exact price).