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


To: surfinSteve who wrote (14484)10/8/1998 12:43:00 AM
From: David Spruiell  Respond to of 27307
 
Great news from Asia. Looks as though every market is rising. We do need the NASD100 to be a strong positive.
As for all the discussion of the value of Yahoo, think back to when it was $20. The book value was $0.01, with deep negative earnings in a untested new market(internet). Using all human logic and common sense it looks like a great short even then. Looking at valuation and earnings can screw up a good trade, look at ZAP, book value of $10.50 and future earnings of $2.75 this year. You can buy it for $8.00 today.
Logic will kill in a market environment.
David Long YHOO