indexit, I thought *you* were already short YHOO?!? ..
I'm not trading - staying focused on robo-trading for
the moment.
But I think YHOO is just louder voice for folks listen to in the general moaning and groaning of tech companies..
slowdowns in ad spending are caused by other companies
failing and tightening belts, and less ad spending
cascades to affect econtent, ecommerce, and even infrastructure companies IMHO. CSCO warned yesterday, too.
But whatever the cause, the spring of supply vs demand seems
to be wound up again such that the market has been lifted
by a larger number of smaller orders over the past few
days/weeks, to an extent usually not sustainable for long...
so it doesn't matter what the catalyst is, really.
We need to see NAS go up on smaller number of larger orders
to know that the bulls are about to win near-term.
Or, it could be that enough retail traders are jumping back
in to fuel a real rally this time, to be followed by
institutional funds.
It's always funny the way the press talks about the market
as if it had thoughts of its own... do "traders" out there
really sit and calculate what should be a fair "value"
for a stock that never even pays a dividend? There is
zero value to such an instrument besides what someone else
is willing to pay at the moment.
Do they really "worry" about interest rates, yada yada? No. Most of us worry about whether the stock we bought or shorted is going to move in the right direction...
with the herd instinct.
Don't get me started :-) |
