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


To: Original Mad Dog who wrote (15364)11/22/1998 12:49:00 PM
From: Dave Mansfield  Read Replies (1) | Respond to of 27307
 
Agree with you MadDog that Bre-X is probably not a good example. Bre-X was a scam while Yahoo is a successful company that is just overvalued. However, when I hear talk about the price of a stock being determined by the supply and demand for that stock, I have to consider what has happened to other assets with no intrinsic value, but had a market to actively trade it anyway. Tulips and Bre-X comes to mind. I strongly feel that anybody who relies on the demand and supply for a stock to obtain their investment return rather than it's underlying performance and fundamentals is in for a rude awakening, at least in the long run. Iomega, Zitel, Presstek, they're all out there. It just sometimes takes a little time.