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

To: HG who wrote (17330)	1/10/1999 2:12:00 PM
From: J. P.	Read Replies (1) \| Respond to of 27307

I agree with you. Who is right? The one who sat on the sideline and sniped and created negative chemical reaction in their body, the one who shorted the stock, or the one who bought long and stayed that way? I don't think any of the above were technically "right", only the ones who were long had lots of money to spend while they contemplated this matter. And even if the stock retraces, can the low float really facilite a 300 point drop? I could see a 100, or a 200 point but at some point a few buyers would support the price. Just like is Microsoft a good buy at 73 PE, Cisco at PE 110?, or should you just buy U.S. Steel at PE of 6? It all depends on when you buy and when you sell, and what your time horizon is. Cisco was at a PE of 110 about 6 splits ago, if you held you are rich today. Some of these people here are self styled "savants" who have shorted and gotten their ears pinned back, but good. I cast a very wary eye at these cranio-anal experts on SI, as they won't help you make a single penny.

To: HG who wrote (17330)	1/10/1999 3:27:00 PM
From: Dave Mansfield	Read Replies (1) \| Respond to of 27307

I guess my point is this Happy Girl. There are two basic type of investors. Traders and long term holders. You have given some mixed signals as to where you fit into the matrix. You have indicated that you consider Yahoo to be a long term holding a long term growth company. On the other, you have indicated being in and out of the stock. Those two statements do not mix. Perhaps I misunderstood your previous statements. Back to the point. Making an argument for investing on the long side of Yahoo as a trading vehicle has done quite well and may do so for the immediate future (1 week to 6 months), but the argument about it being a solid long term core holding has yet to be made in a convincing way. The overvaluation of the stock may continue for a yet to be determined amount of time, but it will do one of two things in the interim. Either grow into a fair valuation or have the price crash into one. >>There is money to be made, and if I am better off taking the risk which may, by your own admission, burn me 12 months down the track<< Or perhaps one week down the track. >>YHOO is not going to disappear overnight. It is a market leader.<< Perhaps, but it's market cap can significantly disappear overnight.