Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Harmond who wrote (10203)	4/16/1998 10:01:00 PM
From: Michael Collings	Read Replies (1) \| Respond to of 27307

The facts William are that as long as there are hundreds of new internet IPO's waiting in the wings, brokerage firm analysts will continue to rate these stocks as strong buys, long term buys, buys etc. There's big money to be made in these IPO's and none of the brokerages want to see this end. I think this has to be a dilemma for them right now, that these stocks are at dangerous levels so they don't want to hype them and be criticized but at the same time they don't want this to end or it will be the end of the lucrative IPO market for them. Yes this definitely looks like the biotech frenzy. Maybe Yahoo is a great company and will make real money in the future but at least 80 to 90% of these new IPO's will be out of business in the next 3 to 5 years. This is nothing but a mania for anything with "internet" in its profile. Unfortunately when it ends it will take Yahoo down with it. But then you really need to think about what it is worth today and maybe next year. Factoring in 5 and 10 years into todays price is absurd. Even MSFT only factors in a few years.

To: Bill Harmond who wrote (10203)	4/16/1998 11:50:00 PM
From: Mike M	Read Replies (1) \| Respond to of 27307

William- <<Yahoo will correct at some point from some level, maybe even this one. None of this matters to the fact that Yahoo has taken it, and anyone betting against that notion better be both lucky and nimble.>> I am guessing that no one is arguing that YHOO is #1...and may even stay that way...problem is there will come a day of reckoning when many a shareholder will wonder why they own this stock at 70 times sales... At this stage almost any news is bound to be bad for a company with that much expectation built into it....In the final analysis, companies are only worth what we perceive them to be worth and perceptions change....From greed to fear is an ever present market mood switch. It will happen with this very fine company too and the odds are it will happen fairly soon... We are currently in the parabolic rise which has only one conclusion. The laws of physics have not been repealed nor have the laws of psychology.... Mike

To: Bill Harmond who wrote (10203)	4/17/1998 12:17:00 AM
From: Sonny Blue	Read Replies (1) \| Respond to of 27307

William, my sympathy is with you on the CD deal. The more I read up about Cendant, the more I worry about the market overall. Particularly today with so many stocks start heading south, and the Internet stocks are trading as if the sky is the limit. I think the market could be the top for the year. I plan to get out all of my stocks but will keep small portion of Yahoo. I believe in the Yahoo future but at this price it is very difficult to attach any meaningful valuation to it (I know you don't want to talk about valuation...:-)) Common sense is not so common these days.

To: Bill Harmond who wrote (10203)	4/17/1998 9:44:00 AM
From: PeterGx	Read Replies (1) \| Respond to of 27307

Come on William: get real! Yahoo! ain't a quarter as great as you are beginning to paint it. Maybe you are just getting dizzy from your spectacular gains. The shorts' main argument is that YHOO's valuation is way out of control. Now you are saying that since the Market is paying that much for it YHOO must be worth it. It's kind of the same argument, isn't it? I am a convert into recognizing Yahoo!'s amazing business potential (Thanks BTW for your consistent contribution to the topic), but even at this I cannot see YHOO worth more than $40. And you know there is a big chance for a huge (>50%) correction in the price. I hope you reward yourself with some profit-taking and don't get stuck with another CD. Cheers! PeterGx