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

To: Mike McFarland who wrote (21203)	4/8/1999 12:26:00 AM
From: ALBERTO	Read Replies (3) \| Respond to of 27307

Mike McFarland I seldom post but this once I felt compelled to respond. The reason for the Internet craze & the reason why it has been allow to continued is because of the permissive environment permitted by the federal reserve in order to alleviate the Asian crisis. That is why there is no way of measuring those issues by any known financial measurement method. Well guess what, the recovery has arrived in the Asian arena. The forces that caused the easy credit policy are in reverse & the FED knows it. The Asian recovery + the OPEC move to tighten supplies has been increasing demand for oil. The tight labor market which in part had wage pressures mitigated by the Asian crisis will start to experience wage pressure. The FED tightens. The permissive market which has permitted the Internet craze will cease to be. Sleep well.

To: Mike McFarland who wrote (21203)	4/8/1999 2:57:00 AM
From: memflyken2	Read Replies (1) \| Respond to of 27307

Mike: There is serious wisdom in what you say. There is way too much funny money tied up in these phantom stocks; collectively, we will eventually pay a heavy price for the havoc wreaked by greedy day-traders and even more greedy market makers. I have always thought puts were the way to go with YHOO etc. Shorting the internuts causes cancer, or worse... Playing puts on these creampuffs is like walking into the casino with $1000 in your pocket and your credit cards left at home. You count your money as "lost" -- an entertainment expense, if you will --the minute you walk in the door, and since you think that way, anything positive that comes of the exercise is gravy... Granted, I've lost a few $$$ playing YHOO this way the last year or two, but no more than what I could afford. And the entertainment, needless to say, has been priceless. Like watching gerbils mate in outer space. Or better. Meanwhile I have puts a-plenty out to 2001, to keep my "eye on the prize," so to speak. And if those puppies don't score, well... it's a nice feeling being called too "rational" on this board and elsewhere. Where else can you called names by people so brilliant that they themselves admit that logic plays no part in their investment strategies? I don't know about you, Mike, but the whole experience makes me feel like the hero in Ray Bradbury's Fahrenheit 451. As I said earlier today, I'll be hanging around the hoboes before you can say "carry-forward tax loss."

To: Mike McFarland who wrote (21203)	4/8/1999 8:25:00 AM
From: Ron Kline	Read Replies (1) \| Respond to of 27307

"Please tell me it is a bad idea, I did not do well the last time I played with puts...talk some sense into me." I had Yahoo in 1997 when it was supposedly too high and I saw people get creamed shorting this stock along with AMZN. I even sold my shares because the shorts made such a convincing argument. The problem with shorting them is when they go down (when and if) they are quick to bounce back up. Look at yahoo just a month ago was near $100 and it's at new highs now. If I were to short a stock I want it to go down and stay down. RDRT comes to mind because I watched it fall from close to $20 down to $5. It's still there yet the market has come back. Why, because earnings were not what was expected. Yahoo on the other hand beat the streets estimates. If I were you I would try to find those companies that have potential to miss estimates. I would also look at the chart, and see a breakdown of the moving average in an up market. Yahoo just broke out and is above all moving averages so this would be the worst time to short. Until it is extended from it's breakout downside is going to be tiny. Just my opinion but save your time and cash playing the put game with Yahoo, and if anything go long, you may be surprised that you will do much better. Good Luck, Ron

To: Mike McFarland who wrote (21203)	4/9/1999 9:08:00 AM
From: Glenn D. Rudolph	Respond to of 27307

Price: $208 7/16 Estimates (Dec) 1998A 1999E 2000E EPS: $0.23 $0.39 $0.54 P/E: NM NM NM EPS Change (YoY): 60.9% 29.7% Consensus EPS: $0.38 $0.49 (First Call: 01-Apr-1999) Q1 EPS (Mar): $0.02 $0.11 Cash Flow/Share: NA NA NA Price/Cash Flow: NM NM NM Dividend Rate: Nil Nil Nil Dividend Yield: Nil Nil Nil Opinion & Financial Data Investment Opinion: D-2-1-9 Mkt. Value / Shares Outstanding (mn): $55,127 / 264.4 Book Value/Share (Dec-1998): $2.29 Price/Book Ratio: 91.0x ROE 1999E Average: 19.0% LT Liability % of Capital: 0.0% Est. 5 Year EPS Growth: 75.0% Stock Data 52-Week Range: $222 1/2-$22 15/16 Symbol / Exchange: YHOO / OTC Options: AMEX Institutional Ownership-Spectrum: 16.9% Brokers Covering (First Call): 25 ML Industry Weightings & Ratings** Strategy; Weighting Rel. to Mkt.: Income: Underweight (07-Mar-1995) Growth: Overweight (07-Mar-1995) Income & Growth: Overweight (07-Mar-1995) Capital Appreciation: In Line (28-Jan-1999) Market Analysis; Technical Rating: Below Average (28-Dec-1998) Intermediate term opinion last changed on 09-Mar-1999. The views expressed are those of the macro department and do not necessarily coincide with those of the Fundamental analyst. For full investment opinion definitions, see footnotes. Investment Highlights: Yahoo! reported another great quarter, beating expectations for revenue, operating margin, EPS and pageviews. * We are raising our revenue and EPS estimates and maintaining our rating. We give the quarter an “A.” * Operating EPS of $0.11 (vs. $0.02) exceeded consensus of $0.08 and the whisper of $0.10. * Revenue was strong in a seasonally weak quarter--up 13% sequentially to $86 million. * Pageviews increased an amazing 41% sequentially to 235 million. * The operating margin increased to a stunning 38%—up from 9% a year ago. * Registered users increased to 47 million and total monthly users to more than 60 million. * Our only major concern was slow revenue and pageview growth at the soon-to-be-acquired Geocities (after talking with management, we are reasonably comfortable with this). * Yahoo!'s stock usually trades off after the company reports results (this effect may be offset by weakness in the rest of the tech sector, however). It remains a core holding in our Internet portfolio. Comment United States Internet \ Electronic Commerce 8 April 1999 Henry Blodget First Vice President Yahoo! Another Great Quarter ACCUMULATE* Long Term BUY Reason for Report: Q1 Results Merrill Lynch & Co. Global Securities Research & Economics Group Global Fundamental Equity Research Department RC#20109823 Stock Performance 0 20 40 60 80 100 120 140 160 180 200 220 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 0.16 0.18 1996 1997 1998 1999 Yahoo! Rel to S&P Composite Index (500) (Right Scale)

To: Mike McFarland who wrote (21203)	4/9/1999 9:58:00 PM
From: ALBERTO	Read Replies (1) \| Respond to of 27307

Mr. Mike McFarland, thank you for your support but I prefer to post infrequently on this thread. I will add this finale thought for now. Fire Narrative of Bessie Bradwell Helmer Besides the fact that the Great Chicago Fire started around 9 o'clock on Sunday evening, October 8, 1871, somewhere in or very near the O'Leary barn, the exact particulars of its origins are unknown. But, given the dry summer and the careless way the city had been built and managed, a kick from a cow would have been sufficient but by no means necessary to burn Chicago down. As A.T. Andreas, the city's leading nineteenth-century historian, put it, "Nature had withheld her accustomed measure of prevention, and man had added to the peril by recklessness."