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

To: Bill Harmond who wrote (8686)	3/23/1998 10:21:00 PM
From: The Vinman	Read Replies (2) \| Respond to of 27307

Correct, in a consolidation volume dries up. YHOO is in a very narrow trading range over the last 10 sessions since hitting 92 1/2. IMHO what is holding YHOO up is the market, and that's about it. YHOO has a 4.4 billion dollar market cap on less than 100 million in revs, and a price to sales ratio of 67. Investors buying at these levels are paying $67 for every BUCK in sales. Yes, YHOO is an up and coming company but WILL NOT hold at these levels much longer, the valuation is too steep. As YHOO moves down, investors that bought at levels close to the price as it falls will start to sell, which will cause a rather dramatic decline. Tomorrow a hot IPO internet stock is coming to market and this could spark some short term interest in the sector, but this will be short lived, a dramatic decline in YHOO will commence, it's just a question of this week or next. Vinman