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


To: Keith J who wrote (8167)3/10/1998 10:32:00 AM
From: OtherChap  Read Replies (1) | Respond to of 27307
 
>So who's buying at these levels?

the same people who were buying Netscape at 118.

well, I take that back. anyone who got burned that badly in an internet bubble wouldn't play with fire again by buying yahoo..

guess its a combination of short squeezers, MMs looking to push
this thing high enough long enough to announce a split, and average investors who want to flee the hardware technology group and Yahoo has the most popular brand name- so they buy it.

who knows.. doesn't matter. they're all going to lose, just like netscape.. except remember- netscape had earnings!

btw- I loved the commentary on squawkbox.. the reason internet
stocks are considered a "safe haven" is because they NEVER disappoint the street, because nobody ever expects them to make any money!

talk about the investing world gone crazy.. tulips anyone?