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

To: fut_trade who wrote (5337)	12/30/1997 9:25:00 PM
From: Rational	Respond to of 27307

Peter: <<Sankar, did you ever find out who was pumping hilium into YHOO?>> I think we were thinking about this question at the same time. I just made a post that addresses this point. I am just beginning to wonder if die-hard longs like you have reduced their holding periods (due to the increasing risk as you have stated of late), then we will soon see a fall in Yahoo. It is the temptation of short-term traders to lock in a high enough profit that seems to be pumping the hilium. At some point in time I was thinking that some fund manager was doing this. But, I now believe that it is not just a Fund or two, but many short-term traders too who are getting greedy. Just imagine, Yahoo! does not have any expertise in internet-media publishing and/or any proprietary products. It is one of the first well-executed web-sites with a search engine that has become popular because it is free . Many who are getting into the internet are excited about Yahoo! and buy the stock before asking the mundane questions like earnings, P/E, etc. because the rising price makes them presume that some Analyst must have done this job. Most, if not all, of Yahoo!'s profits so far has been interest income on investments of the capital raised in the IPO. Ovbiously, either the short-term traders will some day begin to question the viability of Yahoo!'s price, or (as usual), they will be forced to exit when the stock opens down 10% when some Fund decides to exit. Sankar