Radames, If someone held a gun to my head and told me to correctly guess the price of YHOO for next two months, I would tend to agree with other posters - that is, trading range of 150-190 over next few months, with 150-170 looking most likely. They will probably dunk it a little more, but the stock has been "gravitating" to 150-160 for a while now; outside of that range it seems to feel magnetic attraction back, in short order. Something needs to change, to fix the stock. Could be any one of a number of things. I agree, if they really slam it to 120 again, huge surge of buying will bring it back. There is nothing that wrong with this company, it is one of the leading three internet plays, many institutions want to own it now, high P/E or not and they'll move in on the dips, maybe even here at $150.
Next week will be key, would like to see it moving towards $160 instead of fighting to hold above $140. My guess is UP this week. I don't pretend to have a crystal ball, but can read charts very well - when they talk - and this chart isn't talking much right now! So, take it with a grain of salt... let YHOO do the talking this week.
-Steve |
