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


To: Smart Investor who wrote (16330)12/23/1998 5:49:00 PM
From: Randy Ellingson  Respond to of 27307
 
You are looking back, and think you made the right decision. However, it just equally possible YHOO went to 140 from 191. What will you do then?

That's the part I left out. I am as prepared for Yahoo to go to 125 from here as to 300. My happiness may not be equal, but anyone approaching stocks as a crap shoot is left to their own doing (or undoing). Nobody here would (should) recommend an uninformed investor buy stock with the prospect of short term gains. For that matter, IMO nobody should offer specific investment advice beyond "one should know the companies they invest in, know the pertinent industries, and know why they are investing in that company". I.e., make your own decisions, and base that on your own understanding rather than the recommendations of others.

That said, I also bought AMZN at 133 in July or thereabouts, watched it go to ~70 early October, and from the beginning fully intended to hold (and so I did).

AMZN was never a substantial part of my portfolio thanks to diversification. Now it's a little more significant, but still <10%, and the holding of 10 shares is going nowhere fast. The value assigned by the market will fluctuate, but the # of shares I own will stay at 30 (post split) until the next split (which you apparently believe will be a 1 for 5 reverse the way you predict the demise of some Internet stocks).

Randy