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

To: The Vinman who wrote (8878)	3/27/1998 4:56:00 PM
From: Ty	Read Replies (2) \| Respond to of 27307

Frank Z, do you still have your short position at 80? Trying to short yhoo is just nasty. It just won't die. I'm trying to short a different internet stock with a huge Price/Sales ratio and it keeps going up. It sure doesn't help to have Yahoo pushing it up. The scary thing is I've been looking at the 1 year charts for a lot of internet stocks and most of them never had a major correction. At this point, I'm just hoping to get out with a small loss. I already have my GTC order setup. I guess one lesson I've learned in trying to short internet stocks is not to hold onto a position too long. These stocks are like pyramid schemes. There are a group of people who just keep buying and selling at a higher price to each other. As time goes on, the distribution of the stock changes so that almost everyone has bought in at a higher price. There is no pressure to sell (ie, no threat of bad news) so most people won't sell at a loss and you never see those lower prices again. I think the key to the fall of the internet stocks will be the earnings reports. One of these quarters, they will come out with an earnings report without a substantial growth in revenues. My guess is this won't happen for another year or two. Until then, I think it's unlikely we will see a major correction.