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To: Guardian who wrote (9499)	4/8/1998 11:41:00 PM
From: Zebra 365	Read Replies (1) \| Respond to of 27307

<<<tomorrow, YHOO may tank and take all internet with it, or it may shoot to new highs with all its followers.>>> <<<IMHO it will not behave like any other animal of the market you've ever witnessed>>> Beggin' yer pardon m'lord, but that is exactly like every other high flying stock I've ever witnessed. Zebra

To: Guardian who wrote (9499)	4/8/1998 11:50:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

Very, very good.

To: Guardian who wrote (9499)	4/9/1998 12:23:00 AM
From: yard_man	Read Replies (1) \| Respond to of 27307

NSCP, IOM, PRST, .... ho hum!

To: Guardian who wrote (9499)	4/9/1998 12:28:00 AM
From: Bilow	Read Replies (2) \| Respond to of 27307

Hi Gaurdian; I guess I'll have to defend the "traditional valuation paradigm". If I think of myself in a stock market of the past where electricity and telephone were being introduced, I would possibly think back to the 20s. Traditional valuation was thrown out for stocks like RCA, the inventor of the new advertising medium, radio. (Smells a lot like YHOO, doesn't it?) RCA was a successful, and profitable company and survived and prospered. People in the 20s were all buying radios (smells like computers don't it?) and they all wanted stock in the premier company (like YHOO is the premier search engine company) that made them, RCA. They managed to get RCA up to $200 per share in '29, which was a ridiculous multiple of sales, and multiple of earnings. (Does anybody have the numbers?) During the crash that followed, RCA went to the low single digits, no splits needed. So this is why traditional valuation paradigms have survived for the many, many, many generations that humans have traded stocks. The premier investor for the long term is Warren Buffet, and it is pretty clear that he own no YHOO. He's been right for something like 45 years, and he uses the traditional valuation paradigm. After this market wrecks and a lot of people who retired at 39 are back in the work force, Warren will still be an investment guru. (Though he is getting kind of old.) -- Carl

To: Guardian who wrote (9499)	4/9/1998 11:30:00 AM
From: wiley murray	Read Replies (1) \| Respond to of 27307

Guardian: Your point is well taken. In order to have a intuitive approach to the market you need to be able to look at the market from an outside the box approach.You seem to have caught that idea in your summary.Can you share this insight in your projection of market direction on a short and long term basis? What sectors? Thanks.

To: Guardian who wrote (9499)	4/9/1998 11:39:00 AM
From: Al Chechatka	Read Replies (1) \| Respond to of 27307

YAHOO is a commidity product with not huge revenue. You say it is like the RR or Electricity. Those have infrastructure. This does not. There are other search engines and there will be others. Maybe YAHOO can market their name like a "Coke" or "Nike," but I don't see them make 100's of millions of dollars. REVENUES was only 30 million dollars! Someone else can and will build a better mouse trap. It will be where Netscape is after it rose to glory and fell. It doesn't take a huge investment for this infrastructure, unlike rail, telephone , and electric.