Damn, should of went with my gut.
Although I don't think it will open tomorrow morning lower than 29.50
Fwiw, I shorted WM before the bell at 40.29..bad move it looks like for now...up over a buck in after hours.
YAHOO Earnings Tomorrow (Tuesday)
- Thread starter Handsome
- Start date
Damn, should of went with my gut.
Although I don't think it will open tomorrow morning lower than 29.50
Fwiw, I shorted WM before the bell at 40.29..bad move it looks like for now...up over a buck in after hours.
exactly.
everyone is on board already. too much optimism with super high forward PE pricing the best in.
at least goog has some upside.
YHOO usually doesn't do that. Either it rebounds slowly or not at all. Don't rely on wishful thinking.
The high PE is what had me watching YHOO all afternoon along with the April 30 PUTS which were at 0.25-0.30 most of the afternoon...I was going to buy 10 of those puts but then saw all the news about the Dow making new highs but yet the advance/decline line wasn't so hot.
So instead of buying Yahoo Puts, I bought (9) DIA April 127 Puts at $0.30. This is the very first time I ever bought DIA puts (never ever bought the calls before either). I'm just a small fry in this bet but I believe the Dow Jones will decline tomorrow.
Yahoo got hit with the ugly stick.
Yep, and I think it's going to get hit yet again tomorrow by the ugly stick as this is not good at all:
<b>Yahoo net profit falls 11 pct</b>
SAN FRANCISCO (Reuters) - Yahoo Inc. (NasdaqGS:YHOO - News) reported on Tuesday an 11 percent fall in quarterly profit, missing Wall Street estimates as a new advertising system aimed at clawing back market share from Google has yet to take hold.
http://biz.yahoo.com/rb/070417/yahoo_earns.html?.v=5