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

To: oldcrow who wrote (16627)	12/31/1998 1:30:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 27307

Additionally, let's say I do want to cash out some profit, why would I not wait until the strength of the earnings and split runs to do it??!! The problem for the above statement: There are two camps of investors/traders here: a, small retailers as a group, b. large institutions/traders. If only the "a" camp is considering taking some profits during the "anticipated" earning strength period!! But we have to "guess" what the B camp is going to do!! The B camp will need to buy all the shares A camp plans to sell!! But if the B camp sells....

To: oldcrow who wrote (16627)	12/31/1998 2:10:00 PM
From: Dave Mansfield	Respond to of 27307

>>First of all, if I'm going to sell in 1999 to avoid having to pay the tax for the 1998 year, fine. But what makes me so inclined to believe that I have to sell on the FIRST DAY of 1999 trading??!!!<< The Three Stooges scenario where all three tried to go through the door at the same time and nobody got through. The musical chairs scenario where somebody doesn't get a seat. The pyramid scenario where those holding the bag last loses. And the whole tulip deal where those who made money early on did well, those late to the party were broke. When Yahoo returns to a reasonable valuation is anybody's guess, but nobody wants to be holding the bag when it happens. He who is out first has a locked in profit that won't be taxed until 1999. Read the thread, you will see people who are waiting for 1/4/99 to cash in. It may be a big effect, it may be small effect. We'll all see next Monday. >>There are a string of internets all reporting within the last 2-4 weeks of January. I'd be silly not to wait for that strength!<< This assumes earnings beat expectations. What are the expectations? Pretty high huh? $.20 or $.25, what if they report $.19 or $.18?

To: oldcrow who wrote (16627)	12/31/1998 3:10:00 PM
From: The_Guru_00	Read Replies (3) \| Respond to of 27307

It is pent up supply. It is kinda like being on a long trip and drinking 2-3 big gulps along the way. You are in the passenger seat and the driver will not stop unitl he reaches the destination. You can bet that as soon as the car stops, you will run out to the nearest bathroom. Walking slowly could be disasterous. Another more appropriate analogy is the fact that many employees will exercise immediately after their stock options vest, especially when the stock is up ten-fold. Don't look a gift horse in the mouth. Guru.

To: oldcrow who wrote (16627)	12/31/1998 5:04:00 PM
From: Dave Mansfield	Respond to of 27307

My tax strategy is but a theory, but yesterday -$25, today -$7, hmmm? No more trading this year. Monday will tell us all quite a bit. Have a pleasant weekend.

To: oldcrow who wrote (16627)	1/1/1999 1:39:00 AM
From: larry	Read Replies (3) \| Respond to of 27307

Imagine that a person who is nervous about the burst of the bubble but also want to delay the tax payment for another year. What is this person going to do? I guess that it all depends on what the shareholders believe. If they are diehard internet fans, they will hold. Traders and momentum players will probably look for clue on Monday morning and decide whether to lock in profits. I think that a majority of shareholders are nervous about the sky high valuation of lots of these internet issues. Those who believe that internet revolution demands unlimited valuation is either naive, or just cheating themselves. larry!