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

To: Jerry Catalfo who wrote (15377)	11/21/1998 2:10:00 AM
From: Original Mad Dog	Respond to of 27307

Actually I've mentioned Buffett (Warren, not Jimmy) a couple of time on the YHOO thread in the last week or so, and also posted a quote from Galbraith's book on the history of financial euphoria, which got the attention of the more thoughtful participants in the thread. And as Happy Girl may have mentioned, I am VERY GRUDGINGLY exploring whether there is any justification for going long on YHOO at this point given its valuation metrics. The only reasons I am considering it are (1) in the short to medium term, it looks like no one cares to rationally assess why the company is worth this much; their only reasonable argument goes to why the stock is worth this much, with AOL the only credible example to back it up; (2) if I conclude that, for awhile at least, the stock will continue to be driven by factors that I don't agree with, maybe I should take that into account before sitting this one out; (3) I really do think the company has a decent future and might be worth, say, $50 billion some day. Just not some day soon. Diversification is essential insurance. Dollar cost averaging can be expensive as well if the stock continue its rapid ascent, but tell me, how much fuel do you think is left for this phase? If you want to search the YHOO thread under my name over there (TheOriginalMadDog1), you will find more elaboration on these and other themes. I can re-post some of it over here if you want, but I hesitate to clutter up the thread since I just joined it. Regards, MAD DOG