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

To: damniseedemons who wrote (9181)	4/7/1998 8:13:00 AM
From: Hiram Walker	Read Replies (1) \| Respond to of 27307

Sal, right you are,it is foolish to think in terms of fundamentals with mania stocks. Only news,and splits determine the price,not earnings,revenues or anything even remotely construed as fundamental value. This is a true mania boys,similar to the tulip bulb craze in Holland. Fundamental value only comes into play when these things implode. Hey anyone want to buy a $100 tulip?Only if the next guy is buying one for $110,and the next for $120. Hey if we think about it, you can't eat them,and you can grow them for 99 cents. Logic and rational thinking is no place for investors,leave your brains,and analytical style at the door. Investing is for people with a 3rd grade education in math,and good intuition. Hiram

To: damniseedemons who wrote (9181)	4/7/1998 8:22:00 AM
From: Hiram Walker	Read Replies (1) \| Respond to of 27307

Sal, watch companies like DCLK and Go to for the collapse of YAHOO. When people begin to realize,these stocks are not all going up,then the collapse will begin. You guys have lots of time.Its like walking blindfolded on a cliff,if you are all holding hands,and no one has removed their blindfold everything will be ok. Once someone does,another one will and so on,and so,on,until the last person leaves the cliff,running and screaming. The last people will be AOLman,and YHOOman. Hiram

To: damniseedemons who wrote (9181)	4/7/1998 9:51:00 AM
From: Oeconomicus	Read Replies (3) \| Respond to of 27307

I sold all of my stock position while simultaneously buying Apr 90 calls. So really there's no change. As noted, I did it to cover downside just-in-case and to reduce margin. But more importantly, it's to give me room for further leverage ahead of earnings. You should thus interpret my move as being bullish... Nice spin, Sal. Selling is now bullish because you did it to reduce risk, so don't worry folks - we're still going higher. Sal, what would happen if all the perma-bulls sold the stock and bought calls? Would that be bullish? Perhaps shortly afterward, 'cause the stock would crash in the process, possibly even to a level where it would be fairly valued based on real fundamentals. Bob

To: damniseedemons who wrote (9181)	4/7/1998 11:22:00 AM
From: PAL	Respond to of 27307

Hey Sal: Enjoy so much the discussion of opposing viewpoints. but my impression is that shorts short YHOO based on metrics like P/E. If that is indeed the case, I think that's foolish. If you go back to the posts on Yahoo, you will find that valuation is just one factor the bears use in evaluating the stock. There other factors like competition from XCIT, meager advertising revenues, no major companies coming aboard to sell their products, etc etc. If a person completely ignores current valuation of Yahoo, I think that's foolish. As noted, I did it to cover downside just-in-case and to reduce margin... You should thus interpret my move as being bullish (nearer term and post-earnings report). Why not buy protective put? Your equity has gone up by the runup of Yahoo. This is a lot lot different from Berkshire Hathaway; a comparison with it and YHOO is apples-to-oranges. Company to company you are definitely right. It is comparing watermelon to cherry. We are talking about stock split in general. Trust me, for a stock like YHOO, if they don't announce a split real soon it will be construed by Wall Street as a negative. Give us a good reason why it is construed as a negative by WS (analysts comments, funds managers etc), or is it your opinion only?

To: damniseedemons who wrote (9181)	4/7/1998 11:08:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

I think our market is declining in anticipation of end of pre-April 15 IRA deposits and a decline in the Far East that isn't happening: quote.yahoo.com Our lists started breaking Thursday morning after the Sony Chairman/Clinton remarks about Japan, plus the big three-day decline up until then in the Nikkei. Since Thursday the Nikkei and every other principal market in the Far East has been very strong...in the face of overwhelmingly negative local sentiment. I think this decline we're having is simply a correction (of excessive sentiment...Market Vane sentiment meter was pegged on overly-bullish) that was triggered by Japan fears. Either that or the market knows that with the Far East possibly on the mend that the Fed can feel free to tighten some. My bet is the former, and that there are a lot of tech-stock put-buyers (principally in semiconductors and perhaps in the Web stocks) who are about to get shelled somewhere between now and April expiration....and that the rally is probably good for the rest of the second quarter. After all, it's only three months old. As far as Yahoo goes..a couple observations. Yahoo was not singled out by the market today during this decline...it was very broad, and Yahoo's decline (yesterday and today at least) caused no technical damage to Yahoo's pattern. Secondly, as can be seen by the dancing bears here and the focus Yahoo got on CNBC, sentiment turned negative in the group very quickly, usually not a sign of a top. Thirdly, and most importantly to me, volume off the lows this afternoon was exceedingly heavy. Time will tell, and earnings will certainly cause everyone pause for assessment, but from my purely technical standpoint today was just a rainy day on the ranch.