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

To: Mike M who wrote (10276)	4/17/1998 8:54:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

I really bought 500 shares this afternoon, and courage hopefully had less to do with it than other factors. I bought the extra shares because Excite's numbers proved to me that Yahoo's lead is not being diminished by the #2 player, and Yahoo's sell-off today was not convincing. Why wasn't it convincing? Yahoo didn't trade below yesterday's low of 119. Volume was down from yesterday. Most importantly, Yahoo was down by less than half as much as the other aggregators today, an obvious sign of strength for a stock that has led this move. When you have a position that is so far above cost as this one is for me (luckily), you become desensitized by "the pad". I laid on these new shares because I thought they are a good investment, and also because this new position, at twice the price of my last purchase, sensitizes me to the stock's pattern again. Otherwise I could sit here, debate and philosophize forever, completely detached from the trading pattern. Not good. Why do I think these new shares are a good investment? The order of the Internet directory space was defined two weeks ago when Yahoo blew away the numbers. The stock opened at 107 on the news, and created a firestorm of buying in the sector....all based on news from Yahoo. Excite's results declared Yahoo the unchallenged leader last night, and for a stock with Yahoo's beta, there is little statistical difference between 107 and 121. No one would be congratulating my bravery if Yahoo had gapped to 10 3/4 on its results two weeks ago, and had I then gone in and bought some more today at 12 1/8.

To: Mike M who wrote (10276)	4/17/1998 9:29:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 27307

Mike, >Almost never was there a good one for paying 70 times sales....Certainly MSFT never was priced that high....< If you want to see a 'never was there', look at Amazon.com (Amzn). If you can make a profit, of say, how much a book? How in the hell can this Co, EVER give its shareholders, a decent return? How will Wall Street, reward a Co that goes from zero revenues to say, $200mil, 500, 1bil, 10bil and makes a net profit of a $1.49?

To: Mike M who wrote (10276)	4/17/1998 11:42:00 PM
From: Schmedley	Read Replies (1) \| Respond to of 27307

[The law of physics was really a play on what goes up must come down...I think it will apply to Yahoo!.....Almost never was there a good one for paying 70 times sales....Certainly MSFT never was priced that high....] Mike- I share your conclusions, here's the reason EVEREN Securities gave for todays downgrade as reported by BRIEFING.COM : "...... as issue trades at 286x its 1998 EPS estimate of $0.45 and 165x its 1999 EPS estimate of $0.78; thinks valuation could increase but concerned that any advance would be short lived....." I'm waiting for the "GAP DOWN" open to signal a vigorous shorting of this bloated issue - a good company but on a relative basis, valuation is ridiculous! I would however be a buyer at around half todays closing price. Schmedley