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

To: Bill Wexler who wrote (11460)	6/27/1998 9:10:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 27307

Wow. I'm proud of you Bill. Really. Let's hope we're both right.

To: Bill Wexler who wrote (11460)	6/28/1998 1:32:00 AM
From: Tim Bagwell	Read Replies (2) \| Respond to of 27307

Bill, I appreciate the comments. But the problem with your argument is that if it's wrong to short YHOO then it must be right to go long. This may be the case but it's also the crowd mentality and at some point this stock will backtrack. It's only a matter of time. One thing I've learned from my tuition is that most of my hunches have not been that far off but I've lost money by not being patient enough. Too many loses have come from giving way to panic. One of my biggest loses came from shorting a stock (not YHOO) and then bailing out too soon when it shot up. However, in hindsight, had I waited I would have found multiple opportunities to cover at a much more favorable price over the following year. So the name of the game is patience. Of course, your hunches have to be good ones too -- especially when you're short in a bull market. I'm skeptical that Wall Street can predict the future high flyers of the Internet. Their high valuation of YHOO is completely due to rank speculation which will fail someday. In the final analysis, valuation is all that matters.

To: Bill Wexler who wrote (11460)	6/28/1998 10:45:00 AM
From: Brooks Jackson	Respond to of 27307

<<You can make far more money shorting a bogus company trading at 6 a share than shorting a Yahoo at 150.>> Bill: You might want to check out CFON. No product, no sales, high cash burn, ran up to 15 based on internet hysteria after putting out a news release claiming it would introduce a TV set-top web browser, now down to 5 and probably going to zero, IMO. All in all, a better short than YHOO. But I'm short both.