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

To: craig crawford who wrote (8548)	3/18/1998 5:37:00 PM
From: PAL	Read Replies (1) \| Respond to of 27307

Do not try to explain YHOO's price action with conventional models. It's all about supply and demand. It's all about how people think they can outsmart the market and make easy money shorting a high flyer! First based on supply and demnad, are you a buyer at this level? If not, are you basing on conventional analysis that indicates the stock price is at stratosphere level? Second, remember Coleco? At that time any company with the word "Computer" would command a nosebleed PE. It was even suggested that if KFC stands for Kentucky Fried Computer, the stock would trade four times higher. Have you heard of tulip mania in Holland? The price was based on supply and demand and not on conventional method. The price was dictated on the greater fool theory. If somebody wants to buy Yahoo based on that philosophy, just make sure that you are not the last fool owning it. This mania will only be a short term phenomenon. FOR THE LAST TIME: Throwing away sound methods of evaluation of a stock and dismissing the fundamentals will only shortchange yourself. Good Luck to all. PAL.