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

To: Bill Harmond who wrote (10320)	4/19/1998 2:06:00 AM
From: Schmedley	Read Replies (1) \| Respond to of 27307

William I won't try to offer a rebuttal to your rationale as I'm sure it would only provoke another defensive salvo. To clarify however, I would like to agree whole heartedly that the internet has revolutionized "the way stocks are traded" (for the better I might add),however, what I should have said is " the way stock valuations are ascertained." Unfortunately, my choice of wording was too vague; What I meant to imply is that the speculative YHOO bubble we are witnessing is nothing new. Simply because we are dealing with a success story involving a company on the cutting edge of technology (in fact it is) it doesn't mean we should be lulled into making foolish decisions with our investments or worse yet, encouraging others to do so. A stock which is in a euphoric frenzy behaves a lot like a legalized Ponzi(PYRAMID) scheme; once everyone and there cousin is in, the whole thing collapses. The ones who get hurt the worst are the ones who get in last. The only winners are the ones who have already exited - after having promoted the hell out of the "investment" to their friends, family and anyone they can pull in off the street (or should I say Internet?) A final thought: This past week about 35 million shares traded hands - that represents approximately 4 billion dollars!) I'm curious, what's your average price? Schmedley