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

To: Bill Harmond who wrote (10600)	4/26/1998 11:53:00 AM
From: hal jordan	Read Replies (1) \| Respond to of 27307

William, I've read your posts concerning YHOO and have to congratulate you on selecting a major winner on the way up. I wish I had that foresight concerning my stock picks. That said, I also believe this stock, like all Internet "mania" stocks , is in for a great fall over the next several months. I do not believe there is any way current pricing can be maintained. How much upside do you believe there currently is for a stock with a market cap between 5 and 7 billion, depending on the day of the week? You may be right about this company being the next media giant in the future. Why risk tremendous profit at current market caps? You can buy more after the fall. Do you at least own puts as protection in case the fall happens? I'll tell you up front that I do have puts on the stock (May 90) as I believe this upward momentum has run out of steam. I think you can look at almost any stock with such a historical runup and see the end result. Long term, maybe you are correct about the stock, I won't debate that as it can go either way. Short-term, I think anyone buying at these prices is going to feel very, very angry by the end of the year, or sooner. However, judging by your posts, I think you believe this stock will not see prices fall below the 60's. Why risk 40 points or more? Hal