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


To: Smart Investor who wrote (16275)12/23/1998 12:41:00 PM
From: Chuck Molinary  Read Replies (1) | Respond to of 27307
 
Smart guy,
<<For God's sake, if you can only afford to buy 30 shares, please stay away from those Net stocks.>>

I totally disagree with this statement. There's no way you should have ended it with a period. You should have used nineteen exclamation points!!!! You got that one right on the head....

Also, your YHOO short might make more sense to people if they saw it in the context of your portfolio. The fact that you're using this as a hedge against other longs makes perfect sense. That's why I mentioned ORCL, COMS, etc. in another post. YHOO is not gonna make me or break me nearly as much as those stocks...

OK, now hear this one. UBID is in the 178 range. It is going DOWN. Enter your short now. If I could offer you one call for the year, this would be it.

I'll paper trade it and enter my order to short 1000 at 178 1/2. Come next Tuesday, we'll see what kind of car I can afford when I close the position....

Now I'm really, really leaving....
ctm

[EDIT: 176]



To: Smart Investor who wrote (16275)12/23/1998 4:05:00 PM
From: Randy Ellingson  Read Replies (1) | Respond to of 27307
 
For God's sake, if you can only afford to buy 30 shares, please stay away from those Net stocks.

I totally disagree with this statement (really). ~2 weeks ago, I bought 12 shares of YHOO for my IRA -- of course I intend to hold it long term (*long* term). My first purchase of MSFT was (split adjusted) 14 shares at 43. I think we all would have done very well to buy 30 shares (or more or less) of Yahoo a year ago. Nobody can reasonably expect the same kind of return over the coming year from YHOO. But try to tell me there aren't at least a few more 10x'ers out there that have yet to be identified and understood. Which ones are they? As for small investments in Internet stocks, the size of the initial investment doesn't matter so long as the investor is comfortable with the stock and the company. I am happy as hell to have bought YHOO at 191. If it goes to 125 before climbing higher, so be it. That's the way it goes with buy and hold, and that's arguably an appropriate approach for a stock like YHOO and/or AMZN. I could of course go on, but that's enough of that.

Randy