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Yahoo! Inc. Message Board

  • yg_1997 yg_1997 Dec 29, 1997 9:41 PM Flag

    The market is about psychology

    The market is about psychology. That is why earning is the
    only thing that counts, if you have a chance to talk with any
    senior fund manager.
    When market tumbles, YHOO will drop big time. You know why, suppose you are long in yhoo, and suddenly people began to sell, are you going to hold it? Of course not, because at that time you will undoubtedly doubt yourself. What is P/E of this stock?
    If you think P/E does not matter, look at ORCL,AMAT, they are superb companies, but too high P/E will ultimately judge. On the other hand, New York Times is only worth $3 billion or so. Is Yhoo worth as much as New York Times? Big Joke has been made. Someone has to pay the price. When market is bullish, people simply forgot these sell programs which made Dow drop more than 100 points in one hour just a few days ago. Please reply.

42.26-0.01(-0.02%)Aug 29 4:00 PMEDT