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

To: Michael Collings who wrote (9733)	4/10/1998 12:15:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

Michael, Set aside P/E and EPS for a second. Yahoo booked $30 million in revenues and generated $17 million in free cash this quarter that went straight into the bank. That's why the Street's excited.

To: Michael Collings who wrote (9733)	4/10/1998 12:45:00 PM
From: larry	Respond to of 27307

Michael, I have studies the chart of DOW in the past very carefully and I have read numerous books on the past market crash and have listened very carefully what the experts or economists have said. What I have found is that if I had listened to what they said in the past, I would have badly underperformed my current portfolio by a wide margin and if I had listened to what Bill Fleckstein or Jim Rogers said, I would have gone bankruptcy. I have total respect to those guys...however, in this market, only those who outperform the market or gave the right prediction are the bosses. You can be pissed off at Abby Cohen and say that she does not know what she is talking about. However, her performance in this decade has proved that she is queen on the street. I thank you for your advice and sure have my strategy against a bear market or recession. However, I do see that the traditional valuations will be pushed to extremes in the next decade or so simply because more and more people want to get into the market and no one really wants to sell or is afraid of missing the chance. You really cannot compare the current market with that of late 20s. Tech has gone so far today and it's going to push the whole market to new and new limits. Also the economics is much healthier than what was in the past and can you please tell me the percentage of people investing in stocks in 1929 compared with that of today. And the number is only going to go higher. My conclusion: in a decade or so, we are going to see much higher multiples for the stocks than they are today. Those who try to buck the trend will be ground be pieces by the mass waves of the market. Or put it in this specific way: Yahoo! bears please directly deposit your paychecks to bulls account. That's what my wife said in the last 6 months and she has been damn right. And she is no expert and knows very little about the market. However, she does have a shrewd observation on the trend and consistently outperforms me (I don't think that I am shabby at all!). She is my boss.:) good luck, larry