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

To: Reginald Middleton who wrote (16456)	12/29/1998 3:53:00 AM
From: abraves	Read Replies (3) \| Respond to of 27307

Reginald - I agree with everything you have said about YHOO. I have never disagreed with people that say it is overvalued etc... But they have said that about all my stocks. Guess how much money I would have made this year if I would have listened to the same old story, $0 or maybe -$, or maybe I would have beat the S&P. Instead I made choices many years ago to buy companies like CSCO,MSFT,DELL,AOL,YHOO,LU etc.... My average cost on these high PE overvalued stocks is WAY below what they are selling for now. Meaning my threshold for pain is huge. In YHOO for example, the stock could go from $275 down to $200 and I could get out and still make a big profit because of prior splits etc.. Someone who bought YHOO only 20 days ago could watch the stock go from $275 down to $200 and still make a $10.00 profit on every share. I also agree that valuation will always win out. But by the time it does, I will have made a ton of money, even if it drops alot before I can get out. Another good example is my DELL, eventually valuation will win out, but it was the stock of the decade. I'm glad I bought during the decade instead of waiting for several years of watching easy money be made until I could short it. Trust me when valuation wins out, I will get out, until it does I'm going to keep making money. Alot of the shorts, MM's, and Analysts make it sound like because you own a overvalued stock long, you can't sell it if it starts going bad, and you have to hold it all the way down. I can get out just like the shorts on this thread cover. I may loose more money, but I have made alot more money being long.