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

To: Bill Harmond who wrote (9060)	4/3/1998 5:03:00 AM
From: Hiram Walker	Respond to of 27307

William, I agree the internet is here to stay. I agree that YHOO is a good company,and I use their products. I agree you must be able to detach yourself when a stock is moving up from any rational thoughts process or fundamental analysis, those only help to find a bottom,when the party ends. I was thinking what would stop this internet stock mania,and came up with some rational thinking(which does not belong here right now). Well, first, companies are moving away from unlimited access,like T's Worldnet, or Web TV. Second, the government is going to tax the internet for long distance telephony, you can be assured of that. So every ISP will be taxed. Third, the internet will have serious problems, as will the copper infrastructure,if ADSL and the like come into existence,and there is any unlimited access anymore. High speed,always on access over the copper will melt the whole damn thing down,temporarily. Now, I am not saying that the internet is over,I am saying that is will take time to fix its problems. Every mania has its day,and everytime they have ended badly. I think that this problem will be temporary,but how can you rationally(not for markets,I know),justify the internet stocks,like AOL,AMZN, etc.. I remember the biotech debacle,or the casino gaming one, this one is real,but reality will have to set in sometime. Someday, I will be able to detach myself from reality,and blindly invest on a cool name,thats the way markets work on the upside. I know a few housewives that are buying Yahoo because their sons love to drink it. Hey they may be able to swallow this Yahoo stuff,but eventually the stomach acids will cause this thing to regurgitate,and the market will spit it back out,just like all the other manias. Hiram(someday wanting to be a market idiot savant rainman).