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

To: Dave Mansfield who wrote (130)	4/7/1999 12:05:00 AM
From: memflyken2	Read Replies (2) \| Respond to of 139

Hate to admit it, Dave, but you're probably right here. I do get carried away every now and then about how preposterous the whole notion of YHOO's success is -- after all, even if they did .20, the company would still be fundamentally worthless -- and just get a bit carried away. I apply logic, e.g. if I'm a long who's made, say 50% profit on my YHOO, I know that I've had a good run, and remembering the old Southern adage, "Pigs get fat; hogs get slaughtered," I start preparing for a graceful exit. At the first remote sign of trouble, Dave, if I'm a now-wealthy long, I'm outta there... But then again I'm the fool. I forget the New Paradigm, i.e. every red-blooded American has a god-given right to day-trade on-line to the fullest limit of his financial resources, without risk, without concern for any kind of economic fundamentals, and by doing so, he or she has the right to make a minimum 50% return on a monthly basis. Anything less is archaic, fossilized thinking that hearkens back to the pre-technological age, and is downright un-American. P/E ratio? Why in the name of God would anybody care about anything so arcane, so irrelevant, when we're standing on the threshold of the New Technological Age, when the Web will master the world, when the Web will BE the world? "Get with the program, dude!" Are we crazy, Dave? When YHOO hits 1500 and has bought FedEx, Wal-Mart, and several South American countries, will they hunt us down like rabbits, insisting that we recant and renounce our foolishly outdated "rational" approach to economics? Should I begin stockpiling ammo and food? In the meantime, I enjoy your posts. Thanks.

To: Dave Mansfield who wrote (130)	4/8/1999 4:32:00 PM
From: E.>R. Bell	Read Replies (1) \| Respond to of 139

Hi Memflyken,,, re Yhoo.. Guess what they didnt make .11. with the correct dilution and charge-offs it only came to .o7/sh for lst Q99. that makes their net income LESS NOT MORE -$2.089mil under lst Q.98. My real concern is with these massive overebids such as BCST 5.2BIL... WOW what and When will they charge off those BLUE SKYS appriaisals.>??? Millions & MIllions coming 2nd andd d3rd Q. plus anyone else they pick up who are losing money. Your comments please. E.R.Bell