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Technology Stocks : CMGI What is the latest news on this stock?
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To: PAL who wrote (11502)7/7/1999 2:27:00 PM
From: bargainman  Read Replies (2) of 19700
 
We are so used to Yahoo's post-announcement declines that it looks like this time the post-announcement decline happened before the announcement. We know they are going to beat estimates and maybe even the whisper. But I think -- just my own extremely unscientific guesswork -- that the market has already priced in a 10-12 cent result. Those numbers may not move Yahoo much post-announcement, but will probably be enough to spark a modest rally in the sector, although I think we've already seen a bit of a sector rally in anticipation of Yahoo. If Yahoo comes in above 12 cents then I see it bouncing back and the sector rally being much bigger.
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