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

To: Smart Investor who wrote (16401)	12/28/1998 12:29:00 PM
From: Randy Ellingson	Read Replies (2) \| Respond to of 27307

However, I do think the correction for internet stocks is just around the corner, may be a few days or a few weeks. Smart- So what is a 'correction' in this case? Does down 100 points over four or five sessions qualify? If so, where does that leave Yahoo's past and future stock performance? And where does that leave the investor who buys today? Down about 35% -- hardly a buy and hold's nightmare, unless of course YHOO stock price stood still for years to come, and that would almost surely require some remarkable stagnancy of Internet growth, or Yahoo changing it's strategy to stop leading the growth of e-commerce and general online activity. You said that you have been unable to participate in owning these Internet stocks due to their valuations not fitting with your stock selection process. Fair enough, but you seem to still apply the opposite reasoning to these stocks and short them at times. Is it fair to say that you are not a long-term short on the Internet sector? I.e., that you see the potential for some of these leading Internet companies to ultimately (say, distant future) justify today's (or maybe better, tomorrow's) valuations? Randy

To: Smart Investor who wrote (16401)	12/28/1998 9:30:00 PM
From: abraves	Read Replies (1) \| Respond to of 27307

Smart Investor - Maybe your fundamental approach to picking stocks is wrong. The whole idea is to pick a stock that makes money, not to pick a stock that is valued correctly. It's funny, the MM/Analy-sts tell me my portfolio is bad because I have CSCO, MSFT, DELL, AOL, YHOO, and LU, (None of that low PE crap that they shovel) but at the end of the year, while they struggle to beat the S&P, I am counting how many times over I have beat it. Your are right though, one day the Nets will go down, but fundamentally, you should be making money while they are going up if you truly are a smart investor. You may have a long wait to make a little money on a short correction like we had over the summer. From what I have seen, the people that are bitching about how overvalued the Nets are, and how fundamentally wrong they are, are the people who have either been on side lines watching, or loosing their ass shorting, while the people that are in them are smiling. I'm smiling, and basically have had a big grin on my face for more than a year now, the whole time listening to the MM's tell me how bad I am going to do. :0) My advice to you is, don't question it, don't fight it, don't calculate it, don't look at a chart, just buy it and make money, and get out early when it finally ends.