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Strategies & Market Trends : Yahoo and other bubbles...when will they burst? -- Ignore unavailable to you. Want to Upgrade?

To: marion (Hijacked) who wrote (17)	1/31/1999 11:29:00 PM
From: marion (Hijacked)	Read Replies (2) \| Respond to of 139

An interesting view from a story in the Chicago Tribune: <<Investors evaluate themselves, not companies. They decide that their intuition, expertise, confidence, gut feeling -- call it what you will -- is superior to other investors' in picking winners, and, just as important, in guessing when the contest will end. In a survey cited by Patel, 80 percent of automobile drivers considered themselves above-average drivers, while, of course, only 50 percent could actually be above average. The human tendency toward overconfidence explains the Internet craze better than any facts or predictions about the Internet phenomenon or individual companies. Overconfidence among investors is hardly a ''new paradigm'' -- the loose term used by Internet stock promoters.>> kentuckyconnect.com

To: marion (Hijacked) who wrote (17)	2/1/1999 3:14:00 PM
From: Dave Mansfield	Respond to of 139

marion, I do not believe that downgrades in and of themselves right now will cause a significant drop in Yahoo's price. There have been some downgrades over the past several weeks and we're still trading well above $300. I went to the Yahoo site to get stories of some of those downgrades to link here and either my computer or net connection is screwed up or Yahoo's site is screwed up again. Couldn't get them. You make a good point about Geocities lowering their earnings. Geocities' fourth quarter earnings for 1998 were ($0.27) which is greater than the fourth quarter loss in 1997 of ($0.14). This combined with the dilutive effect of the merger should cause a significant drop in Yahoo's earnings for the quarter the merger takes effect. But I don't know the date of the merger. Should be interesting. Dave