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


To: Raiders who wrote (13934)9/23/1998 11:57:00 PM
From: HiSpeed  Read Replies (1) | Respond to of 27307
 
Keep in mind millions of people used the internet to access info on the Clinton scandal. This has probably contributed to the recent run-up of inets in because people do like to invest in what they know. So, many of them probably thought "hey I used this internet to get this info - that was easy - is here any money in this? who's running this thing? can I invest in it?" -it's a possibility anyway.

Plus tons of other 'investors' have probably shorted inets all the way down so they want to cover eventually to lock in profits if they are profitable. And of course we always have those jokers who have been short amzn and yhoo since they were at 20-30 pre-split on fundamentals because, "geesh, there's just no way these things are worth this kind of cash - look at those #$%^ing PEs!!!" Whatever.<vbg>

Meanwhile supply and demand, perhaps a little MM manipulation, a look at the all the cash the inets go through, and who knows what else has taken over (daytraders?) to help these puppies ramp faster than the space shuttle in the quarter mile.

The future is very, very bright for the internet and therefore for the best-run and larger inet companies. JMO