YHOO down AH

MVP · Jul 9, 2003

Does this mark the end of the run?

Camaguey · Jul 9, 2003

Down over 2pts. That's pretty big for AH right? Today was heavy vol w/ no progress. Glad I'm not long.

Timber?

zxcv1fu · Jul 9, 2003

so is OVER.

aphexcoil · Jul 9, 2003

So earnings are up, Yahoo is making money and they raise guidance and their stock takes a hit? Wall Street overly optimistic about YHOO?

NEW YORK, July 9 (Reuters) - Shares of Yahoo Inc. (NasdaqNM:YHOO - News) fell after Wednesday's closing bell, even after the Internet media company posted a higher quarterly profit.

Yahoo shares sank to $33.24 in after-hours trade on Instinet from their Nasdaq close of $35.29.

After the close, Yahoo reported second-quarter earnings of $50.8 million, or 8 cents a share, compared with a year-earlier profit of $21.4 million, or 3 cents per share. The results were in line with analysts' forecasts. Yahoo also raised its guidance for the year.

Yahoo's news weighed on Internet retailer Amazon.com (NasdaqNM:AMZN - News), which also fell in active after-hours trade. Amazon.com shares fell to $39.25 on Instinet from their close of $40.50.

lsudaytrade · Jul 10, 2003

this is the beginning of the end for internet and tech stocks..

Derrik Hobbs · Jul 10, 2003

Quote from MVP:

Does this mark the end of the run?

This uptrend has been marked with about 8 countertrend declines since the beginning of this year. Those declines have ranged from 2.5 to 3.5 points. If we hold this "symmetry" of corrective declines and do not go below this "symmetry zone"...that would be healthy (imho). However, if we go below this "symmetry price zone" then this uptrend is definitely firing off warning signals that its getting top heavy. Check out attached chart to see what I'm talking about.

-D

Camaguey · Jul 10, 2003

Sure seems to be a "buy the rummor, sell the news sort of thing". Stock starts running up, and you know somebody out there knows something. Big fat earnings article plastered over CNBC, time to hit that sell button!

Camaguey · Jul 10, 2003

And c'mon, PE of 146. Doesn't that mean if earnings stay the same (zero earnings growth), Yahoo would be worth what it is now in 146 years (or am I wrong about that)? I trade of technicals, not fundamentals anyway.

Another way of looking at it is w/ 15% annual growth in earnings (never gonna happen, but indulge me), Yahoo will be sitting at a PE of 33 (overvalued still, but that's par for today's overpriced S&P) in 9 years right? Now, 9 years is a long time to go w/o a recession, so it'll probably be closer to 12 years.

What do people expect? Earnings groth of %200/year for several years?

inandlong · Jul 10, 2003

For those very reasons cam', EBAY continues to confound.

YHOO down AH

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