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

To: John Carson who wrote (7772)	3/4/1998 1:23:00 AM
From: Sowbug	Read Replies (1) \| Respond to of 27307

How do you know when it is late in a momentum stock run? Also, what would be a good reason not to stay short? Hmmmm... questions typically asked by someone thinking of going short. I'm no fortune teller, but the following seems to be a helpful way of evaluating this stock (since financials and fundamentals clearly don't work): Do you think that Yahoo is going to be one of the foundations of the Internet? Imagine a few years from now, when Internet has finally reached the point where it's safe to assume that a person has web access (kind of like how today you can ask a businessperson what his/her fax number is without sounding like a dweeb or a pretentious jerk, or how we take it for granted that you can ask anyone what his/her telephone number is, or how we're almost getting with e-mail). Got the picture in your head? Ok. Do you still see a place for Yahoo? If yes, then any short held longer than a month or two is bound to lose, and any short-term short that makes money is probably more luck than astute investing. If no, then Yahoo will eventually collapse. In my opinion, the Internet needs a centralized yellow pages. Yahoo is it. So I'm long.

To: John Carson who wrote (7772)	3/4/1998 9:15:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 27307

Also, what would be a good reason not to stay short? If the stock is down 50% or more from its high (perhaps only five times what an objective observer might consider fair value. LOL) and the diehard longs are discouraged, whining about how management should just sell the company but probably won't because they are more interested in keeping their jobs than getting the best deal for shareholders. When you hear that, there probably isn't much downside left.