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


To: Augustus Gloop who wrote (17915)1/13/1999 2:03:00 AM
From: Howard Hoffman  Read Replies (2) | Respond to of 27307
 
Oh. And please do not confuse YHOO with MicroSoft. MSFT has a virtual monopoly, the OS to most PC's. Bill Gates is better than John D. Rockefeller at playing monopoly. That is why the Dept of Justice has them in court.

YHOO has competition. They may be the best. They may be a year ahead of the competition. But, eventually, YHOO will see lowering margins. There is nothing proprietary about YHOO.

Castigate me for telling you all the truth, at least as I see it. I don't care. If YHOO does not crash this week, then it will just crash farther at some time in the near future. I think we have seen the top, but I admit I have been wrong on the timing before. The chart has all the signs right now with that double gap up followed by today's pullback on higher volume.

Some of you will get out now and be thanking me for it later. The rest of you, hang onto your parachutes. By the way, I love the Internet. I order more stuff on-line than just about anyone I know. Amazon is still not profitable because it has so much competition. Finally, now, YHOO will turn a 12 month profit. But look at the numbers and do a reality check.

If your wallet is fat with cash, you might want to look at your account as if YHOO pulled back to say 100 and ask yourself if your wallet will still be fat? How many other Internet stocks do you own? What is your exit strategy? Have you been taking profits off the table?