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

To: Tim Bagwell who wrote (11386)	6/25/1998 4:16:00 AM
From: craig crawford	Respond to of 27307

>> The thing I find amusing about YHOO is that the market is paying $7 billion for basically one piece of software that can be rendered free of its annoying advertising banner with another piece of software (which I may write myself). << That's $8 billion Tim! I keep hearing $7 billion, but over 53 million shares x 148 3/4 = $8 billion. I'm sure there will be more outstanding come earnings time.

To: Tim Bagwell who wrote (11386)	6/27/1998 8:42:00 PM
From: Bill Wexler	Read Replies (4) \| Respond to of 27307

Funny, I remember saying the same thing when the company was trading for a measely $1 billion. I was wrong then...the same argument is wrong now. I took over $75,000 in losses combined shorting ATHM and YHOO. If it weren't for the fact that I was also hedged with short puts, I'd be sitting on a loss well into the six figures. I wish I would've sold puts without shorting the stock!!! I was discussing AOL on my "profits of doom" thread... Message 5040069 The same arguments that apply to AOL apply to YHOO. My grossest mistake was betting against the most visible and compelling brand riding a new and rapidly expanding economic wave. I could kick myself because I broke a golden rule about shorting - don't do it only based on overvaluation. You can make far more money shorting a bogus company trading at 6 a share than shorting a Yahoo at 150. Granted, the valuations on internet stocks are very decoupled from fundamentals...all that means is that volatility will probably increase. It may be stupid to go long at this point, but it is even MORE stupid to go short. Until - 1) The industry matures. 2) Much more competition surfaces. 3) The supply of stock goes up dramatically. 4) Revenue growth dampens. and/or we enter into a recession, it isn't even worth DISCUSSING shorting the internet high-flyers. Shorting now is a complete - and dangerous - gamble. Whenever I take a loss - I like to think of it as tuition. Hope this helps.

To: Tim Bagwell who wrote (11386)	6/29/1998 12:54:00 PM
From: HiSpeed	Respond to of 27307

This company has set itself up to be one of the largest players in one of the largest entities (internet) ever to come about. Are only stupid people the ones to have been buying the last year? Those that have are up a few HUNDRED percent! My hat's off to those who can see where some of these internet companies will be in a few years. Don't be so obsessed with earnings; but look at revenue flow and the rate at which it increases. No one will be shorting YHOO or AOL with my money....