Yep, this is good - though if you want to get picky, while they did have an upside surprise from the "official" numbers, they "only" hit the whisper square, rather than exceed the whisper. These days, whisper #s are what matters, not the official. Plus the recent history on YHOO has been for a sell-off following even very good whisper # beating numbers, which can pull the internets w/ it. Of course, this time, YHOO sold off ahead of the earnings (instead of running right up, as usual), so I think the odds are that a "contrary" scenario comes out, where YHOO runs *up* after earnings, setting up a net rally. Too bad NITE didn't climb today, just a little, but on such low volume, it doesn't matter much. The bull scenario still seems intact, but we'll see.
Good luck!
Morgan |
