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


To: Gold Beach who wrote (15178)11/12/1998 10:19:00 PM
From: Webfoot  Respond to of 27307
 
Donald:
Hey fellow Badger, thanks for the good luck wish. I grew up in the Windy City and rode my 1975 Wing all over the country from my Madison home.

You bring up a very good point -- this past week, only the feeding frenzy in the net stocks were heavy on the upside. With the net stock unrealistic valuations, that scares me. Just like a loosing your virginity, the euphoria only lasts for so long before reality sets in. Call me Chicken, but I'm sitting out the next dance.

Bulls make money (well, maybe not this year's Chicago Bulls..), bears make money, but pigs get slaughtered. There is no value in Yahoo that justifies a $5 billion market cap, much less a $20 billion mkt. cap and at some point (yes, I may be a few days early, but that's OK.. I'm happy), the demand for Yahoo's intentionally limited stock will taper off, and it will drop to offer any of us gamblers another shot.