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


To: stock_bull69 who wrote (15281)11/18/1998 5:28:00 PM
From: Smart Investor  Read Replies (2) | Respond to of 27307
 
I hope you will be able to protect your profit with the stop loss. I guess millions of other longs are probably doing the same thing. This means when this bubble stock start dropping, it will drop like a stone, and can possibly drop through your stop loss order. If there is any bad news, there is nothing to prevent this stock to drop to 50 or even 20. Even at a price of 50, it will still be valued at a price/sale of 40, which is higher than almost all tech stocks with good earnings. Some people say these Net stocks are the new media companies. If they are valued as a media company, they will not even be worth $10 per share.