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


To: Bill Harmond who wrote (9258)4/8/1998 12:34:00 AM
From: Oeconomicus  Read Replies (1) | Respond to of 27307
 
For all this talk of bubbles, do you realize Yahoo is only 50% higher than it was seven months ago?

Yeah, it was one third less gaseous then. I guess that's a fair return for the risk you took seven months ago. Now that the risk is higher, you should expect an even higher return for the next seven months.

;-)



To: Bill Harmond who wrote (9258)4/8/1998 2:45:00 AM
From: Howard Hoffman  Read Replies (1) | Respond to of 27307
 
So 1 year ago YHOO was selling for 20. Last week it went over 100. It only started trading a year ago. I thought it was crazy as an IPO until it had some real earnings. I admit that I was wrong then. I could be wrong tomorrow. But I doubt it.

I saw (and profited) as Presstek went up by a factor of 5 in a year (I only got a small portion of that insane gain). I am thankful that I got out. Seeing a 50% correction in a week and then watching the shorts party on-line (on AOL) was entertaining to me since I had cashed in my chips. I used to laugh at the posts. I might have cried if I had still owned PRST. Presstek is now selling at 15% of what it sold for at the peak. Maybe YHOO will be lucky and not correct 85% in a year or two. But, it is a real possibility. Especially when all of the neophyte "investors" start getting reamed.

Bill, you are a big boy and your profile indicates that you are a professional. You appear to hold a broad portfolio. If YHOO crashes, you will not be hurt that badly. But what about all the others who have come late to the party?