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


To: RDR who wrote (18608)1/21/1999 10:30:00 AM
From: Howard Hoffman  Read Replies (3) | Respond to of 27307
 
I was watching as the bid volumes were in the 100s and the asks were in the 1000s. Little guys still do not get it. There will be many who have been hoping for this "bargain" before the split. Many do not understand how little difference a split makes. People were praising AMZN mgmt for 3:1 split and complaining about YHOO mgmt for only a 2:1 split. AMZN was down 20% yesterday. It is all a house of cards for suckers. Ultimately, people invest in companies that either make money or they expect to make money.

In their great quest to find the next MSFT, investment neophytes have been confusing Internet companies, of which there are more every day, with MSFT, of which their is one. Their best argument for YHOO has been momentum. Clearly the momentum has switched. When people start getting their margin calls, you will see YHOO race for 100. If it gets down to that level it will take a while before it ever gets to 450 again.

People confuse YHOO the company, which is a good company, with YHOO the stock which is a joke still at these levels.