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

To: Mike M who wrote (10634)	4/28/1998 7:23:00 AM
From: craig crawford	Read Replies (2) \| Respond to of 27307

<< Not to put too fine a point on it but, actually...from 6/94 to 5/95 PRST ran from $5 to $32 (6 fold)....the period you referred to, 10/95 to 5/96, it ran from 22 to 100 (all that is split adjusted of course)... >> I guess I don't glean the same info from the chart that you do. At any rate, the point I was trying to make was that the advance from 4==>22 may certainly have been justified, because PRST was a small company with extremely fast growing sales and earnings. It's not necessarily a mania when a company's market cap increases from $100 million==>$500 million in a year. You begin to wonder about a mania when in the following 7 months the market cap increases from $500 million==>$2.5 billion. The larger the market cap, the more it seems like these 500% advances are manias. It's going to be a hell of a lot harder and take a lot longer for YHOO to go from $6 billion==>$36 billion than it was for it to go from $1 billion==>$6 billion. People that paid $130 for YHOO thinking that they got a good price for a long-term investment better understand that long-term equals years, not months. Most of the buyers at 130 were mo-mo guys and shorts.